Good Evening,
can someone tell me (or have a hint) how to adapt my code below to simulate an anticipated shock under discretionary policy?
With taylor rule (not implemented here) and commitment / ramsey_policy I can simply change the anticipation horizon from 0 in epsu to 1 in epsu(-1) for example, but with discretionary_policy it (obviously) doesn’t work…
Thank you very much in advance.
forum.mod (650 Bytes)