{"action":"created","comment":{"url":"https://api.github.com/repos/QuantEcon/lecture-source-jl/pulls/comments/234785665","pull_request_review_id":176502803,"id":234785665,"node_id":"MDI0OlB1bGxSZXF1ZXN0UmV2aWV3Q29tbWVudDIzNDc4NTY2NQ==","diff_hunk":"@@ -669,84 +641,114 @@ Following :cite:`davis2006flow`, we set :math:`\\alpha`, the hazard rate of leavi\n Fiscal Policy Code\n -----------------------\n \n-We will make use of code we wrote in the :doc:`McCall model lecture <mccall_model>`, embedded below for convenience\n+We will make use of code we wrote in the :doc:`McCall model lecture <mccall_model>`\n+\n+.. code-block:: julia\n+\n+    using Distributions, LinearAlgebra, Compat, Expectations, Parameters, NLsolve, Plots\n+\n+    function solve_mccall_model(mcm; U_iv = 1.0, V_iv = ones(length(mcm.w)), tol = 1e-5, \n+                                iter = 2_000)\n+        # α, β, σ, c, γ, w = mcm.α, mcm.β, mcm.σ, mcm.c, mcm.γ, mcm.w\n+        @unpack α, β, σ, c, γ, w, dist, u = mcm \n+        \n+        # parameter validation\n+        @assert c > 0.0\n+        @assert minimum(w) > 0.0 # perhaps not strictly necessary, but useful here \n+        \n+        # necessary objects \n+        u_w = u.(w, σ) \n+        u_c = u(c, σ)\n+        E = expectation(dist) # expectation operator for wage distribution\n+\n+        # Bellman operator T. Fixed point is x* s.t. T(x*) = x*\n+        function T(x)\n+            V = x[1:end-1]\n+            U = x[end]\n+            [u_w + β * ((1 - α) * V .+ α * U); u_c + β * (1 - γ) * U + β * γ * E * max.(U, V)]\n+        end \n+\n+        # value function iteration  \n+        x_iv = [V_iv; U_iv] # initial x val\n+        xstar = fixedpoint(T, x_iv, iterations = iter, xtol = tol).zero \n+        V = xstar[1:end-1]\n+        U = xstar[end]\n+        \n+        # compute the reservation wage \n+        wbarindex = searchsortedfirst(V .- U, 0.0)\n+        if wbarindex >= length(w) # if this is true, you never want to accept","path":"rst_files/lake_model.rst","position":229,"original_position":229,"commit_id":"cb2e4707e0d9c7355e59b490051b89768efa5867","original_commit_id":"cb2e4707e0d9c7355e59b490051b89768efa5867","user":{"login":"Nosferican","id":2529329,"node_id":"MDQ6VXNlcjI1MjkzMjk=","avatar_url":"https://avatars0.githubusercontent.com/u/2529329?v=4","gravatar_id":"","url":"https://api.github.com/users/Nosferican","html_url":"https://github.com/Nosferican","followers_url":"https://api.github.com/users/Nosferican/followers","following_url":"https://api.github.com/users/Nosferican/following{/other_user}","gists_url":"https://api.github.com/users/Nosferican/gists{/gist_id}","starred_url":"https://api.github.com/users/Nosferican/starred{/owner}{/repo}","subscriptions_url":"https://api.github.com/users/Nosferican/subscriptions","organizations_url":"https://api.github.com/users/Nosferican/orgs","repos_url":"https://api.github.com/users/Nosferican/repos","events_url":"https://api.github.com/users/Nosferican/events{/privacy}","received_events_url":"https://api.github.com/users/Nosferican/received_events","type":"User","site_admin":false},"body":"I thought we had allowed it only for simple cases. Guess I was wrong. It is pretty common for languages economists might use. MATLAB, R, Python, Stata, and SAS have it. Nvm.","created_at":"2018-11-19T21:20:51Z","updated_at":"2018-11-19T21:20:51Z","html_url":"https://github.com/QuantEcon/lecture-source-jl/pull/371#discussion_r234785665","pull_request_url":"https://api.github.com/repos/QuantEcon/lecture-source-jl/pulls/371","author_association":"COLLABORATOR","_links":{"self":{"href":"https://api.github.com/repos/QuantEcon/lecture-source-jl/pulls/comments/234785665"},"html":{"href":"https://github.com/QuantEcon/lecture-source-jl/pull/371#discussion_r234785665"},"pull_request":{"href":"https://api.github.com/repos/QuantEcon/lecture-source-jl/pulls/371"}},"in_reply_to_id":234776580},"pull_request":{"url":"https://api.github.com/repos/QuantEcon/lecture-source-jl/pulls/371","id":232097974,"node_id":"MDExOlB1bGxSZXF1ZXN0MjMyMDk3OTc0","html_url":"https://github.com/QuantEcon/lecture-source-jl/pull/371","diff_url":"https://github.com/QuantEcon/lecture-source-jl/pull/371.diff","patch_url":"https://github.com/QuantEcon/lecture-source-jl/pull/371.patch","issue_url":"https://api.github.com/repos/QuantEcon/lecture-source-jl/issues/371","number":371,"state":"open","locked":false,"title":"Rewrite 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