Two m files and two mod files

Wow… :+1: :+1: :+1:

Very immature thought and tempt reply:
In your post

simult_ seems very powerful. Though we have no correct Welf term in .mod (dynare computes it wrongly), we definitely have the correct Utility sequence. I’m not sure whether we are/were able to pin down the correct Welf via:
manually inputing

Welf = Utility + BETA*Welf(1);

into simult_ ?? After all, it is very likely that all the rest variables are unaffected. The only minor modification is this recursive form.

However I guess it’s difficult, because simult_ needs arguments of M_, oo_, options_ (I learned this function today :sweat_smile:), which contain erroneous Welf. We have to first remove the wrong one, then insert the recursive form. How to remove and insert??


For reversing the welfare rank of OSR-SOE and Ramsey-SOE:
I’m now doing my modification on OSR-SOE.mod instead of Ramsey-SOE.mod
(:sweat_smile: wrong direction? ) Because,

In @littlemacro CESOE or OSRSOE files (they only vary with Taylor params), the steady_state_model; session closes to RamSOE. But comparing with your Born_Pfeifer_2018/Welfare, they still involve rooms to improve.


You may have answered these doubts in your latest post. I’ll take a careful look in following days!