Hi,
I have a very simple question: How can one calculate
-
Unconditional Welfare,
-
Conditional Welfare in Dynare?
A simple example would be very much appreciated!
Hi,
I have a very simple question: How can one calculate
Unconditional Welfare,
Conditional Welfare in Dynare?
A simple example would be very much appreciated!
For future reference, some discussion is here [Welfare cost of business cycles)