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the solow growth model predicts that in the steady state output per worker grows at the rate of growth in total factor
determine the effects of a decrease in the population growth rate on the golden rule quantity of capital per worker and
a consumers income in the current period is y 100 and income in the future period is yoelig 120 he or she pays
1 why do consumers save2 how do consumers save in the two-period model3 what factors are important to a consumer in
1 what is the price of future consumption in terms of current consumption2 show how to derive the consumers lifetime
1 what are the horizontal and vertical intercepts of a consumers lifetime budget constraint2 if a consumer chooses the
suppose a credit market with a good borrowers and 1-a bad borrowers the good borrowers are all identical and always
suppose that there is limited commitment in the credit market but lenders are uncertain about the value of collateral
suppose that there is a credit market imperfection due to asymmetric information in the economy a fraction b of
1 why does a limited commitment constraint lower the equilibrium real interest rate2 under what conditions will a
1 does the existence of credit market imperfections imply that there is a useful role for government tax policy2 what
1 what effects do credit market imperfections have on the interest rates faced by lenders and borrowers2 what are the
suppose that a consumer has income y in the current period income y in the future period and faces proportional taxes
suppose that there is a shift in the representative consumers preferences namely the consumer prefers given the market
the government decreases current taxes while holding government spending in the present and the future constanta using
1 explain how intertemporal substitution is important for current labor supply and for the current demand for
in the monetary intertemporal model suppose that the money supply is fixed for all time determine the effects of a
1 why is it a good idea for the central bank to engage in interest rate targeting2 list five monetary policy rules3
calculate the ratio of real investment expenditures to gdp quarterly for the period 1947- 2012 and calculate the real
suppose that zoelig increases and that k increases at the same time show that it is possible for the real interest rate
suppose that there is a permanent increase in total factor productivity determine the implications of this for current
in the coordination failure model suppose that consumers preferences shift so that they want to consume less leisure
in the real business cycle model suppose that government spending increases temporarily determine the equilibrium
1 does the coordination failure model fit the data2 which is the better macro model the real business cycle model or
1 describe an example of a coordination failure problem2 what causes business cycles in the coordination failure model3