Add Fiscal Theory of the Price Level Lecture #205
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HumphreyYang
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Hi @jstac, This PR is also ready for your review. Please kindly let me know if there is anything I can do to further improve this PR. Many thanks in advance. |
jstac
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Jun 4, 2023
lectures/cagan_ree.md
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| Some of our quantitative experiments with the model are designed to illustrate how the fiscal theory explains the abrupt end of those big inflations. | ||
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| In those experiments, we'll encounter an instance of a ``velocity dividend'' that has sometimes accompanied successful inflation stabilization programs. | ||
| principles |
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Ordinary quote marks, remove "principles"
jstac
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Jun 4, 2023
lectures/cagan_ree.md
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| ```{code-cell} ipython3 | ||
| # Create the rational expectation version of Cagan model in finite time | ||
| CagamREE = namedtuple("ConsumptionSmoothing", |
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Hi @jstac, Thanks for spotting the typo. This PR has been updated according to your review. Please kindly merge if this looks good to you. |
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