Closed
Description
Code
- change the name
create_cagan_model
tocreate_cagan_adaptive_model
- Set the default values in
create_cagan_adaptive_model
instead of global parameters. - Add code comment to the code.
- change
inv
tosolve
. - remove extra print when checking the stability of dynamics. in the section of 14.6. Technical condition for stability and add a new section that focuses on experiments.
Content
- 'monetarist theory of price levels ' -> 'a monetarist theory of price levels '.
- There is an extra quotation mark at the end of the second sentence.
-
$exp(\frac{m^d_t}{p_t})$ ->$exp(m^d_t - p_t)$ . - Explain the variables such as sensitivity and expected rate of inflation and give admissible range of the parameters.
- endogenous input -> exogenous input
- give names to matrices and equations so that they can be referred in the code comment.
- Add comments in this function and give titles to subplots.
- Change subtitle "Forcast error" -> "Forcast error and model computation"
- Change the time notations for equations in the section "Experiment 1"
- Add an exercise that asks readers to explain the phenomenon in experiment 1.