function [loss,info,exit_flag,vx,junk]=osr_obj(x,i_params,i_var,weights) % objective function for optimal simple rules (OSR) % INPUTS % x vector values of the parameters % over which to optimize % i_params vector index of optimizing parameters in M_.params % i_var vector variables indices % weights vector weights in the OSRs % % OUTPUTS % loss scalar loss function returned to solver % info vector info vector returned by resol % exit_flag scalar exit flag returned to solver % vx vector variances of the endogenous variables % junk empty dummy output for conformable % header % % SPECIAL REQUIREMENTS % none % Copyright © 2005-2017 Dynare Team % % This file is part of Dynare. % % Dynare is free software: you can redistribute it and/or modify % it under the terms of the GNU General Public License as published by % the Free Software Foundation, either version 3 of the License, or % (at your option) any later version. % % Dynare is distributed in the hope that it will be useful, % but WITHOUT ANY WARRANTY; without even the implied warranty of % MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE. See the % GNU General Public License for more details. % % You should have received a copy of the GNU General Public License % along with Dynare. If not, see . global M_ oo_ options_ optimal_Q_ it_ % global ys_ Sigma_e_ endo_nbr exo_nbr optimal_Q_ it_ ykmin_ options_ junk = []; exit_flag = 1; vx = []; info=zeros(4,1); loss=[]; % set parameters of the policiy rule M_.params(i_params) = x; % don't change below until the part where the loss function is computed it_ = M_.maximum_lag+1; [dr,info,M_,oo_] = resol(0,M_,options_,oo_); if info(1) if info(1) == 3 || info(1) == 4 || info(1) == 5 || info(1)==6 ||info(1) == 19 ||... info(1) == 20 || info(1) == 21 || info(1) == 23 || info(1) == 26 || ... info(1) == 81 || info(1) == 84 || info(1) == 85 loss = 1e8; info(4)=info(2); return else loss = 1e8; info(4)=0.1; return end end vx = get_variance_of_endogenous_variables(dr,i_var); loss = full(weights(:)'*vx(:));