@@ -119,9 +119,9 @@ Let's assume that
119119 another endogenous variable.
120120
121121- $\alpha$ is the marginal propensity to consume in the Keynesian
122- consumption function $C_t = ⍺ Y_ {t-1} + \gamma$.
122+ consumption function $C_t = \alpha Y_ {t-1} + \gamma$.
123123- $\beta$ is the "accelerator coefficient" in the "investment
124- accelerator" $I_t = β (Y_ {t-1} - Y_ {t-2})$.
124+ accelerator" $I_t = \beta (Y_ {t-1} - Y_ {t-2})$.
125125- $\{ \epsilon_ {t}\} $ is an IID sequence standard normal random variables.
126126- $\sigma \geq 0$ is a "volatility"
127127 parameter --- setting $\sigma = 0$ recovers the non-stochastic case
@@ -132,15 +132,15 @@ The model combines the consumption function
132132``` {math}
133133:label: consumption
134134
135- C_t = ⍺ Y_{t-1} + \gamma
135+ C_t = \alpha Y_{t-1} + \gamma
136136```
137137
138138with the investment accelerator
139139
140140``` {math}
141141:label: accelerator
142142
143- I_t = β (Y_{t-1} - Y_{t-2})
143+ I_t = \beta (Y_{t-1} - Y_{t-2})
144144```
145145
146146and the national income identity
@@ -162,7 +162,7 @@ Equations {eq}`consumption`, {eq}`accelerator`, and {eq}`income_identity`
162162imply the following second-order linear difference equation for national income:
163163
164164$$
165- Y_t = (⍺+β ) Y_{t-1} - β Y_{t-2} + (\gamma + G_t)
165+ Y_t = (\alpha+\beta ) Y_{t-1} - \beta Y_{t-2} + (\gamma + G_t)
166166$$
167167
168168or
@@ -212,7 +212,7 @@ equation**:
212212``` {math}
213213:label: second_stochastic
214214
215- Y_t = (⍺+β ) Y_{t-1} - β Y_{t-2} + (\gamma + G_t) + \sigma \epsilon_t
215+ Y_t = (\alpha+\beta ) Y_{t-1} - \beta Y_{t-2} + (\gamma + G_t) + \sigma \epsilon_t
216216```
217217
218218### Mathematical analysis of the model
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