Ramsey policy in a perfect foresight model

Dynare help (legacy posts)
1

Dear all,

I am working on fiscal policy rules in a large-scale model with perfect foresight. Now I have just seen that the new Dynare version 4.5 and the unstable version include the following new features

  1. "ramsey_model that builds the expanded model with FOC conditions for the planner’s problem but doesn’t perform any computation. Usefull to compute Ramsey policy in a perfect foresight model."
    Now, I was curious, if anybody has an example
  2. New commands perfect_foresight_setup (for preparing the simulation) and perfect_foresight_solver (for computing it)

I was wondering if there is already documentation or - even better - an example that illustrates the use of these new commands?

Thanks a lot!
Willi

2
  1. See github.com/DynareTeam/dynare/blob/master/tests/optimal_policy/nk_ramsey.mod
  2. See github.com/DynareTeam/dynare/blob/master/tests/ramst.mod