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Equation Exam 1

Equation Exam 1 - e t 1(2 • Balance of Payments CA KFA =...

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Economics 121 Pamela Labadie George Washington University Spring 2008 Exam 1 - Equations Bond prices p n,t = C (1 + i n,t ) + C (1 + i n,t ) 2 + . . . + C (1 + i n,t ) n - 1 + C (1 + i n,t ) n + F (1 + i n,t ) n (1) Money demand M d p = f ( i, y ) Velocity V = yp M Fisher equation i t = r e t +1
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Unformatted text preview: e t +1 (2) • Balance of Payments CA + KFA = 0 • In±ation-money growth π = g m-η y g y (3) • One period return R = C + p n-1 ,t +1-p n,t p n,t = i c + g 1...
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