welfare_loss: Evaluate Welfare Loss Under a Given Policy
In dsge: Dynamic Stochastic General Equilibrium Models
View source: R/ramsey-policy.R
welfare_loss R Documentation
Evaluate Welfare Loss Under a Given Policy
Description
Computes the unconditional expected welfare loss for an arbitrary
(possibly non-optimal) linear feedback policy u_t = F x_t.
Usage
welfare_loss(ramsey, F_alt = NULL)
Arguments
ramsey
A "dsge_ramsey" object from ramsey_policy.
F_alt
Numeric matrix (n_instruments x n_s). Alternative feedback
matrix to evaluate. If NULL, evaluates the Ramsey-optimal rule.
Value
A list with:
welfare_lossScalar welfare loss.
FThe feedback matrix used.
stableLogical: is the closed-loop system stable?
dsge documentation built on Sept. 25, 2026, 5:08 p.m.
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View source: R/ramsey-policy.R
| welfare_loss | R Documentation |
Evaluate Welfare Loss Under a Given Policy
Description
Computes the unconditional expected welfare loss for an arbitrary
(possibly non-optimal) linear feedback policy u_t = F x_t.
Usage
welfare_loss(ramsey, F_alt = NULL)
Arguments
ramsey |
A |
F_alt |
Numeric matrix (n_instruments x n_s). Alternative feedback
matrix to evaluate. If |
Value
A list with:
welfare_lossScalar welfare loss.
FThe feedback matrix used.
stableLogical: is the closed-loop system stable?
R Package Documentation
Browse R Packages
We want your feedback!
Note that we can't provide technical support on individual packages. You should contact the package authors for that.
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