I want a code related to the impact of shock on welfare

Optimal Policy
1

Hi everyone
I want a code related to the impact of shock on welfare.
Could you please help me?
Thank you very much for your help.

2

Please provide more context. What exactly do you want to do? Often, you can define welfare recursively within the model and then compute IRFs at second order.

3

Hello. Thank for your reply. I have a new problem. You can help me with the following errors?

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4

Not without the file. The message is pretty self-explanatory.

5

Thank you.