[money_inflation] Editorial Suggestions

HumphreyYang commented 1 month ago

Suggestions by @longye-tian.

Code

[x] Change bold non-definition words to italics (note: real balances are a definition).
[x] I missed one comment on the structure of the overview (@longye-tian please feel free to fill in your comment)
[x] Empirically testing the inflation rate Laffer curve.
[x] $m_{t+1}^d/p_t =\gamma_1 - \gamma2 \frac{p{t+1}}{pt}, \quad t \geq 0$ -> $\frac{m{t+1}^d}{p_t} =\gamma_1 - \gamma2 \frac{p{t+1}}{p_t}, \quad t \geq 0$ where $\gamma_1$ and $\gamma_2$ are positive parameters.
[x] Remove the repetition of definition of $bt$ and $R{t-1}$
[x] Remove the $()$ in 26.6
[x] Check capitalization for titles
[x] gross rates of return on currency -> gross rates of return on currency and real balance
[x] Remove - if steady-state is a noun.
[x] $\bar R < 1$ -> $\bar R \le 1$
[x] $\bar R \in [\frac{\gamma2}{\gamma1}, 1] \equiv [\underline R, \overline R]$ -> $\bar R \in [\frac{\gamma_2}{\gamma_1}, 1] \equiv [\underline R, \overline R]$
[x] $R_t \in \bar R = [\underline R, \overline R], \quad t \geq 0$ -> $R_t \in [\underline R, \overline R], \quad t \geq 0$
[x] two values of $R$ -> Two steady-state values of $R$
[x] $Rl$ ->$R\ell$
[x] An equilibrium sequences are not unique -> equilibrium sequences are not unique

[x] Remove the repetitive

$$\begin{aligned}
b_t & = b_{t-1} R_{t-1} + g \cr
R_t^{-1} & = \frac{\gamma_1}{\gamma_2} - \gamma_2^{-1} b_t
\end{aligned}$$

[x] Add a sentence for transition after "... indicates the presence of a Laffer curve in the inflation tax rate."
[x] "code plot outcomes" -> "code plot to outcomes"
[x] Set $ \Lambda= \begin{bmatrix} {R_l}^{-1} & 0 \cr 0 & {R_u}^{-1} \end{bmatrix}$
[x] $Q y_0 = y^_0 = \begin{bmatrix} y^_{1,0} \cr 0 \end{bmatrix}$ -> $Q^{-1} y_0 = y^_0 = \begin{bmatrix} y^_{1,0} \cr 0 \end{bmatrix}$.

mmcky commented 2 days ago

thanks @longye-tian are you able to champion the last 3 tasks in this issue? let me know if you need any assistance or help with those items.

longye-tian commented 1 day ago

This issue is now fully resolved.