Skip to content
New issue

Have a question about this project? Sign up for a free GitHub account to open an issue and contact its maintainers and the community.

By clicking “Sign up for GitHub”, you agree to our terms of service and privacy statement. We’ll occasionally send you account related emails.

Already on GitHub? Sign in to your account

[inflation_history] Update price level histories lecture #393

Merged
merged 1 commit into from
Mar 20, 2024
Merged
Changes from all commits
Commits
File filter

Filter by extension

Filter by extension

Conversations
Failed to load comments.
Loading
Jump to
Jump to file
Failed to load files.
Loading
Diff view
Diff view
8 changes: 4 additions & 4 deletions lectures/inflation_history.md
Original file line number Diff line number Diff line change
Expand Up @@ -39,7 +39,7 @@ Thus, in the US, the price level at $t$ is measured in dollars (month $t$ or yea

Until the early 20th century, in many western economies, price levels fluctuated from year to year but didn't have much of a trend.

Often the price level ended a century near where they started.
Often the price levels ended a century near where they started.

Things were different in the 20th century, as we shall see in this lecture.

Expand Down Expand Up @@ -202,7 +202,7 @@ The graphs depict logarithms of price levels during the early post World War I y
* Figure 3.3, Wholesale prices, Poland, 1921-1924 (page 44)
* Figure 3.4, Wholesale prices, Germany, 1919-1924 (page 45)

We have added logarithms of the exchange rates vis a vis the US dollar to each of the four graphs
We have added logarithms of the exchange rates vis-à-vis the US dollar to each of the four graphs
from chapter 3 of {cite}`sargent2013rational`.

Data underlying our graphs appear in tables in an appendix to chapter 3 of {cite}`sargent2013rational`.
Expand Down Expand Up @@ -382,7 +382,7 @@ For each country, we'll plot two graphs.
The first graph plots logarithms of

* price levels
* exchange rates vis a vis US dollars
* exchange rates vis-à-vis US dollars

For each country, the scale on the right side of a graph will pertain to the price level while the scale on the left side of a graph will pertain to the exchange rate.

Expand All @@ -392,7 +392,7 @@ For each country, the second graph plots a centered three-month moving average o

The sources of our data are:

* Table 3.3, $\exp p$
* Table 3.3, retail price level $\exp p$
* Table 3.4, exchange rate with US

```{code-cell} ipython3
Expand Down
Loading