Optimal policy in dynare

Optimal Policy
1

Hi,
Is it possible to obtain in the dynare the trajectory of the monetary policy instrument?
that is, is it possible to extract the optimal policy rule?

Thank you in advance

2

Dynare supports various optimal policy tools. The answer to your question depends on what you are trying to do: discretion, commmitment, or optimal simple rule.

3

Hi Johanes,

thank you for your reply.
I am trying to do discretion and commitment.

4

Both should be doable in Dynare.

5

how should I proceed to do this?

6

By using the discretionary_policy or the ramsey_policy-command. See e.g. the examples of Chapter 5 of https://github.com/JohannesPfeifer/DSGE_mod/tree/master/Gali_2015

7

Hi
Galí’s textbook models do not seem to have capital stock as I understand. Is there any Ramsey optimal policy exercise with capital stock worked out in dynare?

8

Why should capital change anything?