Sort out correct order of blocks in perfect foresight Ramsey and document it
Usually steady
after initval
computes a steady state. But with ramsey_model
, one seems to need the ramsey_model(planner_discount=0.99);
statement before the call to steady and therefore initval
. Also, it is not clear what steady
does in this case. Is it the private sector equilibrium steady state or the Ramsey steady state that is computed.
Relevant test case: optimal_policy/nk_ramsey_det.mod
Edited by Johannes Pfeifer