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Description
Suggestions by @SylviaZhaooo.
Code
- Give a more efficient plot function @SylviaZhaooo.
Content
- Money Supplies and Price Levels is not found. Would this links to lecture 26?
- Should we specify that
$\gamma_1$ and$\gamma_2$ are positive? - polcy -> policy
- In "our lecture on the dynamic Laffer curve for the inflation tax", which lecture should we link to?
- In "For reasons described at the end of this lecture", should this be a link to another lecture?
- In the formula below, we have the sum
$\sum_{j=0}^\infty \lambda^j m_{1+j}$ . However, we cannot get$m_{0}$ in the second line with$j=0$ and$m_{1+j}$
$$
\begin{aligned}
p_0 &= \gamma_1^{-1} \left[ \sum_{j=0}^\infty \lambda^j m_{1+j} \right] \cr
&= \gamma_1^{-1} \left[ \sum_{j=0}^{T-1} \lambda^j m_{0} + \sum_{j=T}^\infty \lambda^j m_{1+j} \right]
\end{aligned}
$$
- "We define a mapping from
$p_0$ to$p_0$ as follows." -> "We define a mapping from$p_0$ to$\hat p_0$ as follows." - Add a period for the sentence "Given parameters include...".
- Reiterate that the algorithm is trying to find a fixed point.
- "... initially the same as in our lecture on “Money and Inflation”." Which lecture should we link to?
- Bold face is reserved for definitions, and italics are reserved for emphases.
- Suggest a motivation for
$R_u$ (@SylviaZhaooo). - Use the title "Some Unpleasant Monetarist Arithmetic".
- Link Wikipedia for Latter curve.
- Readers guide and algorithm should be put into admonitions.