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Assignment3 - b A typical Life Cycle Pattern of consumption...

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Macroeconomics 3140-001 Prof. Levon Barseghyan Assignment 3 All problems are from Abel, Bernanke, and Croushore Chapter 4 Numerical Problems: 3, 5, and 6 Analytical Problems: 1, 2 Here is another problem. You are at a job interview. You are asked to characterize the main idea behind: a) Permanent Income Hypothesis;
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Unformatted text preview: b) A typical Life Cycle Pattern of consumption; c) Ricardian Equivalence. You have 30 seconds for each, i.e. THREE-FOUR sentences for ( not long paragraphs). We won’t read anything in excess . Be precise. Due date: in section Wednesday, September 24....
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