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Macroeconomics Problem Set - Short assignment on business cycle
In this exercise you are asked to explore the role of various parameters for the business cycle properties of the neoclassical growth model studied in class. Use dynare to solve the general model under these alternative parameterization.
1. Persistence 1: Assume ρz = 0:01: Explain how lower persistence of productivity shock affects the impulse responses and the second moments and persistence of macro variables.
2. Persistence 2: Assume ρz = 0:99: Explain how higher persistence of productivity shock affects the impulse responses and the second moments and persistence of macro variables.
3. Variance: Assume ρ2z = 0:0025: Explain how higher volatility of productivity shock affects the impulse responses and the second moments and persistence of macro variables.
Suppose production of this good provides an external benefit of $10 for each unit produced. What is the efficient quantity in this market? How might the government respond to correct this market failure?
Write an essay to explain in details macroeconomics balance as a basic concept of modern economics.
Kim deposits her annual bonus into a saving account that pays 8% interest compounded annually. The size of her bonus increases by $2,000 each year, and the initial bonus amount is $5,000. Determine how much will be in the account immediately after th..
Suppose that, as the chair of the Fed, you decide to "put policy on automatic pilot" and needs that monetary policy follow an established rule.
Would you rather earn a 4 % nomical or 4% real interest rate? Illustrate by describing the difference between nominal and real variables.
Learners are to research the current value and the expected future changes in the following economic indicators:
Develop a response that includes examples and evidence to support your ideas, and which clearly communicates the required message to your audience. Organize your response in a clear and logical manner
assume an open mixed economy. that is foreign trade is part of the economy and the economy includes both a public
The Haas Corporation's executive vice president circulates a memo to the firm's top management in which he argues for a reduction in the price of the firm's product. He says such a price cut will increase the firm's sales and profits. a. The firm'..
What is the labor force participation rate? What was the labor force participation rate in 2008? How has it changed since 2008 and what does this change imply for the state of the economy? Does the labor force participation rate effect the unemplo..
Go back and break your code. For example, change the variable or label names to something different. Or change the formula or values passed to the function call. You may break the code how you like. Try different ways to break the code.
Consider the following marginal abatement costs (MC) for a firm using an old abatement technology, where costs are in thousands of dollars. MC=0.5Q a) Assume that the regulatory authority has set an abatement standard (QST) equal to 40 units fo..
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