Ramsey policy objective


#1

Dear dynare team, the utility function contains consumption labor and real money balance. Then why we specify ramsey optimal policy objective, we only write the consumption and labor arguments in it, where does the real money balance go? I saw the ramsey objective did’t contain the real money balance. Why? Thanks a lot. My best.


#2

Which model or file are you talking about? The objective function of course depends on the model.