Dear Prof. Pfeifer,

This refers to the `Block: ramsey_constraints;`

on Dynare manual v.4.6.1 Pg. 110

I have successfully coded the model to run the Ramsey Policy. But the Optimal Ramsey Policy gives a (-) response for one of the variables (Capital Adequacy Ratio). I want it to be (+).

As mentioned in Dynare manual v.4.6.1 Pg. 110, I introduced the `ramsey_constraints;`

along with `ramsey_model`

command as below. But the results wont change.

```
ramsey_constraints;
Chi > 0;
end;
```

I have seen that in this post,

you have mentioned that this `Block: ramsey_constraints;`

work only in a perfect foresight context. But that reply was in 2018. And I hope that this now have been updated.

Because the latest Dynare Manual DOES NOT mention anything about perfect foresight context and according to that, I can simply use the `ramsey_constraints;`

along with `ramsey_model`

command.

Could you kindly tell me how exactly I have to use the `ramsey_constraints;`

along with `ramsey_model`

command without using the perfect foresight context.

I use Dynare v.4.6.1

My code reads as follows;

```
planner_objective ((((exp(C))^(1-cSigma))/(1-cSigma)) - (((exp(N))^(1+Nv))/(1+Nv)));
ramsey_model (planner_discount=0.99, instruments=(R, Chi));
stoch_simul (order=1);
ramsey_constraints;
Chi > 0;
end;
```

Thanks

Chashika