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The fragility of an incomplete monetary union

POSTED BY: Jamel Saadaoui
6 Replies
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POSTED BY: EDITORIAL BOARD

Thank you so much for sharing this!

Best, Jamel
POSTED BY: Jamel Saadaoui

POSTED BY: Ahmed Elbanna

Thank you so much Ahmed, very nice comment.

Sure UB = [Lambda] UN not [Lambda]UN (I don't use

I agree with you, that's a very good way to minimize the loss function. The idea was to show intermediate steps for teaching purposes.

Let me ask you a question, why did you include [[2]] in the following expression:

p/.FullSimplify[Minimize[{L,\[Lambda]<1},p]][[2]]

Best,
Jamel
POSTED BY: Jamel Saadaoui

The idea was to show intermediate steps for teaching purposes.

Yep, I thought that too. Very clear and easy to understand.

Minimize[ ] gives its output in the form of
{minimum value of the objective function, p->minimizing value of the variable}

So I have to choose the second part ([[2]]) of the output, then apply p/. to extract the value of p that makes L minimum.
POSTED BY: Ahmed Elbanna

Thank you so much, Ahmed!
POSTED BY: Jamel Saadaoui
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