I would like to compare different monetary policies (discretion vs. commitment). To do so, It would be helpful to get the value of the objective functions.
For the commitment case: I am using “ramsey_policy” with dynare 4.2… But still the value of the objective function is not reported. Why is that? Do I have to include an extra command?
For the discrationary case: I am using “stoch_simul”. How can I compute the loss?
I would be very grateful for help.
Thank you very much indeed,