York University Department of Economics ECON 3140N Monetary Economics Professor Tasso Adamopoulos Problem Set 1 January 21, 2006 1. Exercises 1.1, 1.3, 1.4 from Champ and Freeman (Ch.1, pp.27-29). 2. In the context of the overlapping generations model, ex
Homework 2
Macroeconoma Monetaria y Financiera
Miguel A. Arranza
a Departmento de Economa
Universidad Carlos III de Madrid
Exercise 1
a) The rst- and second-period constraints (with stationarity imposed) are, respectively
c1 + vt mt y + a
and
c2 vt+1 mt .
Homework 1
Macroeconoma Monetaria y Financiera
Miguel A. Arranza
a Department of Economics
Universidad Carlos III de Madrid
Exercise 1
a) Feasible set:
100c1,t + 100c2,t 100y
100c1,t + 100c2,t y = 100 20
c1,t + c2,t 20.
The graph is easy. The horizontal a
ECON 4721 - Fall 2015
Department of Economics
University of Minnesota
Problem Set 1 KEY
Due Date: Monday October 4th, in the
beginning class.
5 points bonus if the homework solutions are typed.
Problem 1 (50 points)
Consider an economy with a constant pop
Econ 4721 Money and Banking
Problem Set 1 Answer Key
Problem 1 (30 points)
This problem mimics Exercise 1.1 from the CF textbook. Consider an overlapping generations economy with a
constant population of N = 100 at every period t = 1, 2, 3, . . . Regular
ECON 4721 - Fall 2015
Department of Economics
University of Minnesota
Problem Set 2
Due Date: Monday November 2nd, in the
beginning class.
5 points bonus if the homework solutions are typed.
Problem 1 (10 points)
Exercise 2.3 in the book
1. No. In equilib
Example IV
Consider a three-period OLG model. Each consumer has an endowment of 20 goods when young, and
nothing when middle-aged and when old. Utility from consumption depends on what type a consumer
is, as follows:
u(c1 , c2 , c3 ) =
ln c2
ln[c2 + c3 ]
ECON 4721 - Fall 2015
Department of Economics
University of Minnesota
Problem Set 4
Due Date: Wednesday Dec 16th , in the
beginning class.
5 points bonus if the homework solutions are typed.
Problem 1 (50 points)
Exercise 9.1 in page 179
1. To nd the valu
ECON 4721 - Fall 2016
Department of Economics
University of Minnesota
Problem Set 1
Due Date: Thursday, September 29th, at
the beginning class.
5 points bonus if the homework solutions are fully typed.
Note all writing portions of the problem set must be
Homework 1
ECON 4721: Money and Banking, Spring 2010
Due Thursday, April 14, at the beginning of class
Problem 1. Mortgage Crisis
This problem asks you to write a short report (1 page) summarizing the recent nancial crisis
and the recession. In your repor
Econ 4721 Money and Banking
Problem Set 2 Answer Key
Problem 1 (35 points)
Consider an overlapping generations model in which consumers live for two periods. The number of people born
in each generation grows in each period, according to Nt = nNt1 , where
Homework 1
Econ 4721: Money and Banking, Fall 2009 Due Wednesday, September 30, at the beginning of class.
Problem 1 Consider an overlapping generations model in which consumers live for two periods. The number of people born in each generation is constan
Homework 1
Econ 4721: Money and Banking
Deniz Cicek
(Due: Wed, Sept. 29, in class)
Exercise 1 Consider an overlapping generations model in which consumers live for two periods. The number
of people born in each generation t is given by Nt = n Nt1 for all
Answer Key for Homework 2
ECON 4721: Money and Banking, Spring 2011
Due Thursday, April 28, at the beginning of class
Problem 1. OLG with Money (25pts)
Consider an overlapping generations model in which consumers live for two periods. In each
period, youn
ECON 4721 - Midterm
Instructor: Keler Marku
November 9th 2015
Name:_
Show as much work as possible for all the problems
Points
_/60
_/30
_/10
_/100
Problem 1
Problem 2
Problem 3
TOTAL
1
Problem 1
Consider the standard overlapping generations model, where
Econ 4721 Money and Banking
Problem Set 2
Due Thursday, Feb. 24, before class
Problem 1 (35 points)
Consider an overlapping generations model in which consumers live for two periods. The number of people born
in each generation grows in each period, accor
Hoja 5
Macroeconoma Monetaria y Financiera
Miguel A. Arranza
a Departmento de Economa
Universidad Carlos III de Madrid
Exercise 1
We know that for at money to have value, its rate of return must be at least as large as the rate of return of capital.
In te
Econ 4721: Money and Banking, Fall 2009 Homework 2 Wednesday, October 14, at the beginning of class.
Problem 1. Inflation
Consider an overlapping generations model in which consumers live for two periods. The number of people born in each generation grows
Econ 4721: Money and Banking, Fall 2008 Homework 1 Solution
1
1.1
Problem 1. OLG
Problem
Consider an overlapping generations model in which consumers live for two periods. The number of people born in each generation is constant, Nt = Nt+1 = N . In each p
MIDTERM EXAM-Answer Key
Econ 4721: Money and Banking, Spring 2008
Instructions
There are two sections: multiple choice questions, and computation/essay questions.
Read all questions carefully. Answer all parts as completely as possible, and show all
you
ECON 4721 - Fall 2015
Department of Economics
University of Minnesota
Problem Set 4
Due Date: Wednesday Dec 16th , in the
beginning class.
5 points bonus if the homework solutions are typed.
Problem 1 (20 points)
Exercise 6.1 page 126
vt+1
vt
= n = 1.08.
Econ 4721 Money and Banking
Problem Set 2 Answer Key
Problem 1 (35 points)
Consider an overlapping generations model in which consumers live for two periods. The number of people born
in each generation grows in each period, according to Nt = nNt1 , where
Name:
Student ID:
Econ 4721 Money and Banking
Midterm
8:15 a.m. - 9:30 a.m.
March 7, 2014
Instuctions
Please write your nal answers on the answer sheet
Only the answer sheet will be graded
Only tests written in pen can be considered for regrade
You ha
Econ 4721: Money and Banking, Fall 2008 Homework 3 Answer Key
1
Problem 1. Risky Lending (20 points)
Consider a standard two-period OLG economy, where population grows according to the process Nt = 1.08Nt-1 and the stock of fiat money is constant. Suppose
University of Minnesota
Department of Economics
Econ 4721: Money and Banking
Summer 2015
Instructor: Kai Ding, Martin Rostagno
Problem Set 1
This problem set is due on Thursday, July 9th at the beginning of class. The maximum
score is 100 points. Be sure
Chapter 2 Notes
September 29, 2015
In this chapter we depart from the single good model to look at how money
can arise in an economy with many dierent goods. The main goal is to see how
search costs are higher in a barter economy than in a money economy w
Chapter 1 - Lecture Notes
September 28, 2015
1
Basic Denitions
What is money?
Anything that is generally accepted in exchange for goods, services or for the
repayment of debt.
What are the functions of money?
Medium of exchange
Store of value
Unit of a
Motivation
Fixed Exchange Rate
Currency crisis
UMN (University of Minnesota)
Econ -
/
Review
Recall that exchange rate is determined by
vta = et vtb
For one unit of currency in country A,
The LHS is the amount of consumption obtained by consumers in
cou
Chapter 3 Notes
November 4, 2015
In this chapter we will extend the model to allow for a changing money
supply.
Most of the analysis will be done with an increasing money supply.
To have an increasing money supply we need to gure out how we are going
to i
Outline
Model of International Currency Exchange
Nominal exchange rate
Purchasing power parity
UMN (University of Minnesota)
Econ -
/
Motivation
Yuan
US and China
Purchasing Power Parity
Use of PPP
UMN (University of Minnesota)
Econ -
/
Model of Inter
Econ 4721: Money and Banking, Spring 2012
Homework 2
Due Thursday, February 23, at the beginning of class.
1
Problem 1. Inflation
Consider an overlapping generations model in which consumers live for two periods. The number of
people born in each generati
ECO 3355-001: Money and Banking
Southern Methodist University
Spring 2008
Midterm
Answer Key
Total Points 200 10 points for each part
1. Give a short explanation of the following terms.
(a) Fiat money
Fiat money is a nearly costlessly produced commodity t
EXAMPLE
Consider the following overlapping generations economy studied in class.
When young, a consumer has
y = 100
and has no endowment when old.
Population gows at a constant rate n = 1:20, i.e. we have
Nt
= n = 1:20
Nt 1
The slope of a consumers indier
EXAMPLE 2
Consider the SAME ECONOMY as in Example 1, but this time suppose
that the money supply is growing at a rate z = 1:1: In particular, we again have
When young, a consumer has
y = 100
and has no endowment when old.
Population gows at a constant rat
Review Problem for Quiz 1
Consider an overlapping generations economy, where when young, a consumer has
y = 240
and has no endowment when old. The population is constant, i.e. we have
Nt = Nt
1
Nt
=n=1
Nt 1
)
The slope of a consumers indierence curve is
c