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lew lee
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Decks in this class (16)
Real Business Cycle Theory
Rbc walrasian theory model assump...,
Rbc so what drives these shocks 2 2,
Baseline rbc model setup 3
37
cards
Financial Markets (Perfect FM model & FA model (imperfect i.e asymmetric info on agency costs and credit spreads))
2 ways financial markets cause sh...,
We will look at these models 2,
Perfectly functioning financial m...
27
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
30
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
Solow model long run model 1,
What is output determined by in s...,
What is the main driving force fo...
41
cards
2. Solow With Resoruces
2 types of natural resources whic...,
When we add resources what is add...,
Net increase in capital k dot pop...
20
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
So financial accelerator model sh...,
Dd model considers the possibilit...,
Dd model 3 time periods 0 1 2 3
18
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...
23
cards
New Growth Theory
Issue with solow model 1,
So what does new theory introduce 2,
2 approaches to human capital 3
29
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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