diff --git a/doc/manual/source/the-model-file.rst b/doc/manual/source/the-model-file.rst index 7b1bc829d..5bd3ea664 100644 --- a/doc/manual/source/the-model-file.rst +++ b/doc/manual/source/the-model-file.rst @@ -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.