Fixed typos
parent
37f5ac850b
commit
10f8c1ca07
|
@ -5066,7 +5066,7 @@ This block specifies quadratic objectives for optimal policy problems
|
|||
More precisely, this block specifies the nonzero elements of the
|
||||
quadratic weight matrices for the objectives in @code{osr}.
|
||||
|
||||
A element of the diagonal of the weight matrix is given by a line of
|
||||
An element of the diagonal of the weight matrix is given by a line of
|
||||
the form:
|
||||
@example
|
||||
@var{VARIABLE_NAME} @var{EXPRESSION};
|
||||
|
@ -5127,7 +5127,7 @@ This command generates all the output variables of @code{stoch_simul}.
|
|||
In addition, it stores the value of planner objective function under
|
||||
Ramsey policy in @code{oo_.planner_objective_value}.
|
||||
|
||||
@customhead{Steay state}
|
||||
@customhead{Steady state}
|
||||
|
||||
Dynare takes advantage of the fact that the Lagrange multipliers appear
|
||||
linearly in the equations of the steady state of the model under optimal
|
||||
|
@ -5138,13 +5138,14 @@ endogenous variables.
|
|||
It greatly facilitates the computation, if the user provides an
|
||||
analytical solution for the steady state (in @code{steady_state_model}
|
||||
block or in a @code{@dots{}_steadystate.m} file). In this case, it is
|
||||
necessary to provide a steady state solution CONDITIONAL on the value of
|
||||
the instruments in the optimal policy problem and declared with option
|
||||
@code{instruments}. Note that choosing the instruments is partly a
|
||||
matter of interpretation and you can choose instruments that are handy
|
||||
from a mathematical point of view but different from the instruments you
|
||||
would refer to in the analysis of the paper. Typical example is choosing
|
||||
inflation or nominal interest rate as an instrument.
|
||||
necessary to provide a steady state solution CONDITIONAL on the value
|
||||
of the instruments in the optimal policy problem and declared with
|
||||
option @code{instruments}. Note that choosing the instruments is
|
||||
partly a matter of interpretation and you can choose instruments that
|
||||
are handy from a mathematical point of view but different from the
|
||||
instruments you would refer to in the analysis of the paper. A typical
|
||||
example is choosing inflation or nominal interest rate as an
|
||||
instrument.
|
||||
|
||||
|
||||
@end deffn
|
||||
|
|
Loading…
Reference in New Issue