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Merge branch 'planner_doc' of git.dynare.org:JohannesPfeifer/dynare 

Ref. !1931
pac-components
Sébastien Villemot 2021-09-21 17:26:09 +02:00
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6
doc/manual/source/the-model-file.rst
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@ -10225,6 +10225,10 @@ with ``discretionary_policy`` or for optimal simple rules with ``osr``
the exogenous shocks. The latter are specified using the perfect foresight syntax
of the shocks-block.
At the current stage, the stochastic context does not support the ``pruning`` option.
At ``order>3``, only the computation of conditional welfare with steady state Lagrange
multipliers is supported.
*Example (stochastic context)*
::
@ -10279,7 +10283,7 @@ with ``discretionary_policy`` or for optimal simple rules with ``osr``
to 0, i.e. it is assumed that the planner exploits its
ability to surprise private agents in the first period of
implementing Ramsey policy. This value corresponds to the planner
implementating optimal policy for the first time and committing not to
implementing optimal policy for the first time and committing not to
re-optimize in the future.