Update macro.md

Changed default value of $\gamma to 0.61.
EAPD-DRB · Aug 28, 2023 · 7c292d3 · 7c292d3
1 parent 1868e5b
commit 7c292d3
Showing 1 changed file with 1 addition and 2 deletions.
diff --git a/docs/book/content/calibration/macro.md b/docs/book/content/calibration/macro.md
@@ -30,8 +30,7 @@ The [OG-Core firm theory documentation](https://pslmodels.github.io/OG-Core/cont
 
 ### Capital's share of output
 
-Here, we use a value of $\gamma =1.0$ from the UN Data Portal API (see https://data.un.org).
-
+Here, we use a default value of $\gamma =0.61$.
 
 ## Open Economy Parameters