Dear Dynare users,
I’m trying to use ramsey_model and discretionary_policy commands under perfect foresight setup. In the case of ramsey_model it works fine. In the case of discretionary policy i get the following error:
ERROR: A .mod file cannot contain both one of {perfect_foresight_solver,simul} and one of {stoch_simul, estimation, osr, ramsey_policy, discretionary_policy}. This is not possible: one cannot mix perfect foresight context with stochastic context in the same file.
So, I want to know is there any command like rasmey_model allowing to do discretion under perfect foresight setup or it’s impossible to do discretion in deterministic case?
Thanks in advance.