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Home Page: http://www.vfitoolkit.com/
License: GNU General Public License v3.0
Some Examples using VFItoolkit-matlab
Home Page: http://www.vfitoolkit.com/
License: GNU General Public License v3.0
Dear Robert,
Thanks a lot for sharing this fantastic toolbox. I am wondering whether VFItoolkit can solve opitimal Ramsey policy problem. For this kind of problem in its simplest version, the benevolent government chooses policies to maximize social welfare (i.e. the representative household's lifetime utility) subject to private sector's optimality conditions and the resource contraint. If possible, how should we set up the return function in this case?
Best,
Ding
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