# The fragility of an incomplete monetary union

Posted 23 days ago
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Posted 23 days ago
Posted 22 days ago
 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 21 days ago
 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 21 days ago
 Thank you so much, Ahmed!
Posted 23 days ago
 Thank you so much for sharing this!Best, Jamel
Posted 23 days ago
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