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.
• [ ] 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] $exp(\frac{m^d_t}{p_t})$ -> $exp(m^d_t - p_t)$.
• [ ] 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"
• [ ] Add an exercise that asks readers to explain the phenomenon in experiment 1.

@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"

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

Thank you for your feedback!

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

This issue is now closed.