Ramsey Policy and transition Function

Dynare help (legacy posts)
1

Hi,

I’m using ramsey_policy command and I want to know how to interpret the policy and tansition function, especially the mult_i(-1) variable.
What it means???

Thanks!

2

The mult_i(-1) variable is a Lagrange multiplier. See dynare.org/summerschool/2012 … day_mj.pdf for more theoretical background on this.

3

Thanks!!!