Dear all,
Is it possible in principle possible to compute the optimal transition path of a policy combining the initval, endval and ramsey model using the perfect foresight solver?
E.g. for an optimal tax something like:
initval;
tau = 0;
end;
endval;
tau = 0.01;
end;
planner_objective(c^(1-phic)/(1-phic));
ramsey_model(planner_discount = beta, instruments = (tau));
steady;
perfect_foresight_setup(periods=100);
perfect_foresight_solver;
Thank you for your help