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