From f379d76a115107913f223e46fec60a4908bfeb3f Mon Sep 17 00:00:00 2001
From: Michel Juillard <michel.juillard@mjui.fr>
Date: Fri, 10 Aug 2012 17:13:40 +0200
Subject: [PATCH] reference manual: clarify quadratic restriction for objective
function with discretionary_policy
---
doc/dynare.texi | 4 +++-
1 file changed, 3 insertions(+), 1 deletion(-)
diff --git a/doc/dynare.texi b/doc/dynare.texi
index ce8cbb3313..fde4fdf5b6 100644
--- a/doc/dynare.texi
+++ b/doc/dynare.texi
@@ -5194,8 +5194,10 @@ You need to give the one-period objective, not the discounted lifetime
objective. The discount factor is given by the @code{planner_discount}
option of @code{ramsey_policy} and @code{discretionary_policy}.
-Note that with this command you are not limited to quadratic
+With @code{ramsey_policy}, you are not limited to quadratic
objectives: you can give any arbitrary nonlinear expression.
+
+With @code{discretionary_policy}, the objective function must be quadratic.
@end deffn
@node Sensitivity and identification analysis
--
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