Edits to example notebook "GenIncProcessModel"

[dedwar65]

I am currently working on an example notebook on the documentation website called “GenIncProcessModel”. In the spirt of reading/editing as a first time learner (so that other first time learners will have less difficulty), I am wondering if there is a research article or set of lecture notes that I can look at regarding this problem.

The confusion comes from the fact that, the subscripts in each of the models are different. I can’t tell if these are typos, or if each of the models are doing something different with respect to permanent and transitory income shocks over time. These are subtle errors, but again, as someone who is less familiar with standard macroeconomic models, I am having some issues.

I’m also open to meeting with someone via zoom who has familiarity with this persistent income process and can help me with these models.