[geom_series] Editorial Suggestions

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#401 opened on Mar 18, 2024 0 comments 0 reactions 1 assignee View on GitHub

@SylviaZhaooo is already working on this.

Since Jul 1, 2024.

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Description

in-work reading-group-2024

Feedback from @SylviaZhaooo (Thanks!)

Content

Revise the quotation marks in the quote “in economics, a little knowledge of geometric series goes a long way “
"redeem note for gold or silver on demand" -> "redeem notes for gold or silver on demand"
Add an intro to the Taylor series
The signs of $\mathrm{r}$ and $\mathrm{g}$ are incorrect in the first line of expanding the equation of $p_0$
Fill the gap in the derivations of $p_0$ in 10.5.3: 1. interpret why can approximate the $(T+1)^2$ into $(T+1)$ in the numerator of the second terms; 2. why $r g$ in the denominators disappear
Typos and improvements in the derivations:

$$
\begin{aligned}
p_0 & =\frac{x_0\left(1-1+(T+1)^2 r g\textcolor{red}{+}r(T+1)\textcolor{red}{-}g(T+1)\right)}{1-1+r-g+r g} \
& =\frac{x_0(T+1)((T+1) r g+r-g)}{r-g+r g} \
& \color{red} =\frac{x_0(T+1)(r-g)}{r-g+r g}+\frac{x_0 r g(T+1)^2}{r-g+r g} \
& \approx \frac{x_0(T+1)(r-g)}{r-g}+\frac{x_0 r g(T+1)}{r-g} \
& =x_0(T+1)+\frac{x_0 r g(T+1)}{r-g}
\end{aligned}
$$

Shift "Back to the Keynesian multiplier" section as the exercise.

Dominant language: Jupyter Notebook
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