exam2-fall2008

exam2-fall2008 - Econ407 Advanced Macroeconomics Exam # 2...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Econ407 Advanced Macroeconomics Exam # 2 December 15, 2008 Instructor: Jos e Tessada Instructions : The exam consists of 5 questions, with a total of fifteen parts. Each one is worth two points , thus the exam has thirty points total . Please read carefully the instructions. Be concise, go straight to the point unless explicitly required to link different arguments. Write less than 10 lines per question. Writing long answers makes it harder for the grader to find the right arguments, thus restrain yourself from using too many words. Question 1 Short questions In this questions you need to choose 5 out of 6 parts. If you try to answer more than 5 parts, please make sure you mark very clearly the 5 answers you want to be considered; if you answer more than 5 and do not mark them, your best answer in this question will not be counted in the final score. (a) Bernanke and Gertler mention that three puzzles arise when we want to understand the effects of monetary policy according to the conventional analysis. Mention and explain two of these three puzzles. Make sure you explain in what sense they are considered to be puzzles....
View Full Document

This note was uploaded on 03/08/2009 for the course ECON 407 taught by Professor Josétessada during the Spring '09 term at Maryland.

Page1 / 2

exam2-fall2008 - Econ407 Advanced Macroeconomics Exam # 2...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online