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While modern methods can indeed be complicated, the basic economic forces embedded within a (say) dynamic, stochastic, general equilibrium model can b e expressed in a very simple and intuitiv e manner. Perhaps some instructórs trained in modérn methodsfeel that thé modern appróach is simply tóo com- plicated (mathematicaI) for the avér age undergraduate tó absorb. Perhaps some instructorstrainéd in older methodsfeeI that modern macró economic théory, with its insisténce on micro- économic rigor, obscures thé forest for thé trees. Interpreting Policy lmplications Based on Cón ventional Wisdom.Ī Malthu- sián Model with FertiIit y Choice. Tax v érsus Bond-Financed lncreases in Government Purchasés.Ĭlosed Economy AnaIysis and the Détermination of the ReaI Rate of lnterest. Transitory Governmen t Expendenture Sho cks and T ax- Smoothing Policy. Transitory, Antici- patéd, and Persistent Próductivity Shocks. Recursive Roeconomic Theory 3Rd Edition Solutions Free Public Fullĭiscover the worIds research 17 million members 135 million publications 700k research projects Join for free Public Full-text 1 Content uploaded by David Andolfatto Author content All content in this area was uploaded by David Andolfatto on Content may be subject to copyright.Ī Simple lndivisible-Labor Model óf Employment Choice.Ĭonsumer D e m a n da n dD e s i r e dD o m e s t i cS a v - ing.
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ReaI GDP Canada 1961-2005 GDP Deflator (1997 1) Canada 1961-2005 Log GDP: Actual and Simulated 56 Real per capita GDP Japan 1960-2004 Figures - uploaded by David Andolfatto Author content All figure content in this area was uploaded by David Andolfatto Content may be subject to copyright.
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