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add old version into TOC
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lectures/_toc.yml

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- file: dyn_stack
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- file: calvo
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- file: calvo_gradient
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- file: calvo_gradient_old
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- file: opt_tax_recur
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lectures/calvo_gradient_old.md

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# A Model of Calvo
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# A Model of Calvo (Old)
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This lecture describes a linear-quadratic versions of a model that Guillermo Calvo {cite}`Calvo1978` used to illustrate the **time inconsistency** of optimal government
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plans.

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