[cagan_adaptive] Editorial Suggestions

[HumphreyYang]

Code

• [x] change the name create_cagan_model to create_cagan_adaptive_model
• [x] Set the default values in create_cagan_adaptive_model instead of global parameters.
• [x] Add code comment to the code.
• [x] change inv to solve.
• [x] 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

• [x] 'monetarist theory of price levels ' -> 'a monetarist theory of price levels '.
• [x] There is an extra quotation mark at the end of the second sentence.
• [x] $exp(\frac{m^d_t}{p_t})$ -> $exp(m^d_t - p_t)$.
• [x] Explain the variables such as sensitivity and expected rate of inflation and give admissible range of the parameters.
• [x] endogenous input -> exogenous input
• [x] give names to matrices and equations so that they can be referred in the code comment.
• [x] Add comments in this function and give titles to subplots.
• [x] Change subtitle "Forcast error" -> "Forcast error and model computation"
• [x] Change the time notations for equations in the section "Experiment 1"
• [x] Add an exercise that asks readers to explain the phenomenon in experiment 1.

[longye-tian]

@jstac Hi John, I want to create a pull request for the following suggestions in the lecture [cagan_adaptive]. Do you think these are non-controversial?

• [x] Set the default values in create_cagan_adaptive_model instead of global parameters.
• [x] change inv to solve.
• [x] 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.
• [x] give names to matrices and equations so that they can be referred in the code comment.
• [x] Add comments in this function and give titles to subplots.
• [x] Change subtitle "Forcast error" -> "Forcast error and model computation"
• [x] Change the time notations for equations in the section "Experiment 1"

[jstac]

@longye-tian No, those are not controversial and will definitely improve the lecture. Please go ahead!

[longye-tian]

Thank you for your feedback!

I'll proceed with implementing them to enhance the lecture.

[longye-tian]

This issue is now closed.