stepan
/
dynare
1
0
Fork 0
Code Issues Pull Requests Packages Projects Releases Wiki Activity

Merge branch 'JohannesPfeifer/dynare-discretion'

time-shift
Sébastien Villemot 2020-01-30 15:46:38 +01:00
parent 7e63ac28b2 9e82432f87
commit 25ccb6686f
No known key found for this signature in database
GPG Key ID: 2CECE9350ECEBE4A
1 changed files with 2 additions and 2 deletions
Show Stats Download Patch File Download Diff File Expand all files Collapse all files

4
tests/discretionary_policy/Gali_discretion.mod
View File

@ -130,7 +130,7 @@ end
%Compute theoretical objective function
V=betta/(1-betta)*(var_pi_theoretical+alpha_x*var_y_gap_theoretical); %evaluate at steady state in first period
if abs(V-oo_.planner_objective_value)>1e-10
if isnan(oo_.planner_objective_value) || abs(V-oo_.planner_objective_value)>1e-10
error('Computed welfare deviates from theoretical welfare')
end
end;
@ -144,6 +144,6 @@ end;
V=var_pi_theoretical+alpha_x*var_y_gap_theoretical+ betta/(1-betta)*(var_pi_theoretical+alpha_x*var_y_gap_theoretical); %evaluate at steady state in first period
discretionary_policy(instruments=(i),irf=20,discretionary_tol=1e-12,planner_discount=betta) y_gap pi p u;
if abs(V-oo_.planner_objective_value)>1e-10
if isnan(oo_.planner_objective_value) || abs(V-oo_.planner_objective_value)>1e-10
error('Computed welfare deviates from theoretical welfare')
end