[money_inflation] Editorial Suggestions

[HumphreyYang]

Suggestions by @longye-tian.

Code

• Remove the grid in the plot
• Use solve to calculate the inverse

Content

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

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

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

[mmcky]

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]

This issue is now fully resolved.