I am trying to find the optimal variables of monetary policy that maximize welfare. I have taken codes (i.e., commands at the end of mod file after stoch_simul, and welfare_objective.m) from the forum. They work with some other mod files provided in different topics in this forum. However, when I r…

Optimal policy error

jpfeifer 18 May 2022 10:43 10

Have a look at

FYI: https://www.nber.org/papers/w12402 and for example, your searching space is located in the following flattened surface: [FaiaMonacelli2007fig3]

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