Given the following Ramsey planner’s problem for optimal fiscal policy:
Can I set the planner’s objective function in dynare as follows:
> planner_objective(C^(1-sigma)/(1-sigma) - L^(1+eta)/1+eta));
And because I do not introduce any new variables in the planner’s problem, I guess I would not change any part of the model block I used for stoch_simul, right?