diff --git a/lectures/ifp.md b/lectures/ifp.md index 429759d72..cc0debbe2 100644 --- a/lectures/ifp.md +++ b/lectures/ifp.md @@ -43,8 +43,7 @@ This is an essential sub-problem for many representative macroeconomic models * {cite}`Huggett1993` * etc. -It is related to the decision problem in the {doc}`stochastic optimal growth -model ` and yet differs in important ways. +It is related to the decision problem in the {doc}`stochastic optimal growth model ` and yet differs in important ways. For example, the choice problem for the agent includes an additive income term that leads to an occasionally binding constraint.