Hi
I have tried to search for the answer but unfortunately I cannot find an answer. So I hope you may help me. Is it possible to calculate the size of the intertemporal loss in Dynare? I'm just interested in a standard quadratic version.
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Calculating intertemporal loss
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Calculating intertemporal loss
by h0ps » Tue Apr 29, 2014 9:08 am
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Re: Calculating intertemporal loss
by ahnulxy » Fri May 02, 2014 10:22 pm
Can you be more specific? What do you mean by saying inter-temporal loss? Are you calculating quadratic welfare loss function in NK model?
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Re: Calculating intertemporal loss
by h0ps » Sun May 04, 2014 10:01 am
Yes exactly. Of course it is straight forward to calculate the loss for a given period ½(pi^2+lambda*x^2) but for me it seems less straight forward to calculate it over the infinite time horizon? (as 8.45 page 357 in Walsh)
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Re: Calculating intertemporal loss
by jpfeifer » Tue May 06, 2014 7:21 pm
Which Walsh edition do you refer to?
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