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Optimal policy rule
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Optimal policy rule
by matte » Mon Aug 09, 2010 3:09 pm
Is it possible to estimate optimal policy rule on real data?
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Re: Optimal policy rule
by MichelJuillard » Tue Aug 10, 2010 7:40 pm
Yes, if you write the mode with ramsey_policy, you can then put estimation instruction. You will be estimating the parameters of the model on the maintained hypothesis that the policy maker was following an optimal policy.
Best
Michel
Best
Michel
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