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Decks in this class (13)
Real Business Cycle Theory
Rbc walrasian theory model assump...,
Rbc so what drives these shocks 2 2,
Baseline rbc model setup 3
43
cards
Financial Markets (Perfect FM & FA model)
2 ways financial markets cause sh...,
Perfectly functioning financial m...,
Pg3 n possible investment project...
28
cards
Monetary Policy (Stabilisation Policy, Optimal MP, Interest Rate Rules (big)) (not technical, just equations to rmb)
Over long run what is the cause o...,
Short run action for monetary pol...,
Main macro model used 3
31
cards
Section B: Growth Theory Motivation
How is propsperity measured 1,
We like to focus on growth of inc...,
Countries with growth miracles fa...
7
cards
1. Solow (quite hard)
Solow model long run model 1,
What is the main driving force fo...,
Solow assumptions 3 3
37
cards
2. Solow With Resoruces
When we add resources what is add...,
What about assumption for land t 2,
So summary what does a l r and t ...
17
cards
Fiscal Policy (RE And 4 Violations Of RE - Not Bad)
Most countries have large debt gd...,
Ricardian equivalence 2,
Ricardian equivalence intuition w...
18
cards
Financial Market part 2: Diamond-Dybvig model
Dd model considers the possibilit...,
Dd model 3 time periods 0 1 2 2,
Now consider individuals 3
17
cards
Monetary Policy: 4th Short Run Consideration: Zero Lower Bound And Liquidity Traps
So we showed how forward looking ...,
Liquidity trap 2,
Krugman s zlb model household uti...
12
cards
F Policy Part 2
Private sector budget constraint ...,
S t g i nx explain all the terms 2,
What happens if g t 0 deficit wha...
22
cards
New Growth Theory
Issue with solow model 1,
Focus on 1st approach r d 2,
What would we expect the cost of ...
26
cards
Human Capital
So revisit shortcoming of solow m...,
Human capital is it non excludabl...,
So now we include human capital t...
23
cards
Human Capital - Income Differences
Since y k to the a h to the b 1,
Logy a 1 a logsk 1 a log sh a 1 a...,
So logy a 1 a logsk 1 a log sh 3
16
cards
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Macro Year 3
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