GitHub

Original file line number	Diff line number	Diff line change
`@@ -403,7 +403,7 @@ on optimal taxation with state-contingent debt sequential allocation implementa`
`403`	`403`	```{code-cell} python3
`404`	`404`	`---`
`405`	`405`	`load: _static/lecture_specific/opt_tax_recur/sequential_allocation.py`
`406`		`-tags: [output_scroll]`
	`406`	`+tags: [collapse-20]`
`407`	`407`	`---`
`408`	`408`	```
`409`	`409`
`@@ -759,6 +759,7 @@ Paths with circles are histories in which there is peace, while those with`
`759`	`759`	`triangle denote war.`
`760`	`760`
`761`	`761`	```{code-cell} python3
	`762`	`+:tags: ["scroll-output"]`
`762`	`763`	`# Initialize μgrid for value function iteration`
`763`	`764`	`μ_grid = np.linspace(-0.7, 0.01, 300)`
`764`	`765`
`@@ -882,6 +883,7 @@ state-contingent debt (circles) and the economy with only a risk-free bond`
`882`	`883`	`(triangles).`
`883`	`884`
`884`	`885`	```{code-cell} python3
	`886`	`+:tags: ["scroll-output"]`
`885`	`887`	`log_example = LogUtility()`
`886`	`888`	`log_example.transfers = True # Government can use transfers`
`887`	`889`	`log_sequential = SequentialAllocation(log_example) # Solve sequential problem`

Original file line number	Diff line number	Diff line change
@@ -279,21 +279,21 @@ The code is mostly taken or adapted from the earlier lectures {doc}`optimal tax
`279`	`279`	```{code-cell} python3
`280`	`280`	`---`
`281`	`281`	`load: _static/lecture_specific/opt_tax_recur/sequential_allocation.py`
`282`		`-tags: [output_scroll]`
	`282`	`+tags: [collapse-20]`
`283`	`283`	`---`
`284`	`284`	```
`285`	`285`
`286`	`286`	```{code-cell} python3
`287`	`287`	`---`
`288`	`288`	`load: _static/lecture_specific/amss/recursive_allocation.py`
`289`		`-tags: [output_scroll]`
	`289`	`+tags: [collapse-20]`
`290`	`290`	`---`
`291`	`291`	```
`292`	`292`
`293`	`293`	```{code-cell} python3
`294`	`294`	`---`
`295`	`295`	`load: _static/lecture_specific/amss/utilities.py`
`296`		`-tags: [output_scroll]`
	`296`	`+tags: [collapse-20]`
`297`	`297`	`---`
`298`	`298`	```
`299`	`299`
`@@ -433,6 +433,7 @@ debt equal to $b_0 = -1.038698407551764$.`
`433`	`433`	`These graphs report outcomes for both the Lucas-Stokey economy with complete markets and the AMSS economy with one-period risk-free debt only.`
`434`	`434`
`435`	`435`	```{code-cell} python3
	`436`	`+:tags: ["scroll-output"]`
`436`	`437`	`μ_grid = np.linspace(-0.09, 0.1, 100)`
`437`	`438`
`438`	`439`	`log_example = CRRAutility()`

Original file line number	Diff line number	Diff line change
`@@ -152,21 +152,21 @@ Here it is`
`152`	`152`	```{code-cell} python3
`153`	`153`	`---`
`154`	`154`	`load: _static/lecture_specific/opt_tax_recur/sequential_allocation.py`
`155`		`-tags: [output_scroll]`
	`155`	`+tags: [collapse-20]`
`156`	`156`	`---`
`157`	`157`	```
`158`	`158`
`159`	`159`	```{code-cell} python3
`160`	`160`	`---`
`161`	`161`	`load: _static/lecture_specific/amss/recursive_allocation.py`
`162`		`-tags: [output_scroll]`
	`162`	`+tags: [collapse-20]`
`163`	`163`	`---`
`164`	`164`	```
`165`	`165`
`166`	`166`	```{code-cell} python3
`167`	`167`	`---`
`168`	`168`	`load: _static/lecture_specific/amss/utilities.py`
`169`		`-tags: [output_scroll]`
	`169`	`+tags: [collapse-20]`
`170`	`170`	`---`
`171`	`171`	```
`172`	`172`
`@@ -176,6 +176,7 @@ government debt equal to $-.5$.`
`176`	`176`	`Here is a graph of a long simulation of 102000 periods.`
`177`	`177`
`178`	`178`	```{code-cell} python3
	`179`	`+:tags: ["scroll-output"]`
`179`	`180`	`μ_grid = np.linspace(-0.09, 0.1, 100)`
`180`	`181`
`181`	`182`	`log_example = CRRAutility(π=(1 / 3) * np.ones((3, 3)),`

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