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lectures/lake_model.md

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@@ -931,9 +931,8 @@ unemployment_rates = jax.vmap(compute_unemployment_rate)(λ_values)
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# Plot the results
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fig, ax = plt.subplots(figsize=(10, 6))
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ax.plot(λ_values, unemployment_rates, lw=2)
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ax.set_xlabel('job finding rate (λ)')
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ax.set_xlabel(r'$\lambda$')
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ax.set_ylabel('steady-state unemployment rate')
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ax.set_title('unemployment rate vs job finding rate')
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plt.show()
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base_model = create_lake_model()

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