5 ms·
It makes sense to use Greek letters for exogenous parameters so that we can use Latin letters for endogenously determined variables. The distinction between cap
by kszx 12y ago
It makes sense to use Greek letters for exogenous parameters so that we can use Latin letters for endogenously determined variables. The distinction between capitalized and uncapitalized letters is useful for a similar reason.
This makes economic formulae much more readable.
- dj-wonk 12y agoHow would one go about learning this convention (and others like it), in the off chance that it was not completely obvious to the reader?