diff --git a/lectures/cagan_ree.md b/lectures/cagan_ree.md index 93a09da5..976b13b3 100644 --- a/lectures/cagan_ree.md +++ b/lectures/cagan_ree.md @@ -316,8 +316,6 @@ $$ We'll start by executing a version of our "experiment 1" in which the government implements a *foreseen* sudden permanent reduction in the rate of money creation at time $T_1$. -+++ - Let's experiment with the following parameters ```{code-cell} ipython3 @@ -351,8 +349,6 @@ sequences = [μ_seq_1, π_seq_1, m_seq_1 - p_seq_1, m_seq_1, p_seq_1] plot_sequences(sequences, [r'$\mu$', r'$\pi$', r'$m - p$', r'$m$', r'$p$']) ``` -+++ {"user_expressions": []} - The plot of the money growth rate $\mu_t$ in the top level panel portrays a sudden reduction from $.5$ to $0$ at time $T_1 = 60$.