Where's g_0 in dynare++?

Dynare++
1

Hi all, I have a simple question. When running third-order perturbation using dynare there’s a g_0 term in the policy function, while in dynare++ such term is not present. Could anyone please explain why there’s this difference and how can I get g_0 in dyanre++?

Thanks a lot!

2

g_0 stores the uncertainty correction. If I remember correctly, in Dynare++ it does not show up due to the centralization of the decision rules. See the documentation DSGE Models with Dynare++. A Tutorial. on --no-centralize