Econ 387L: Macro II
Spring 2011, University of Texas
Instructor: Dean Corbae
Problem Set #11- Due 4/25/11
1. We will consider a cash-in-advance environment to study Unpleasant Monetarist
Arithmetic". The technology is given by yt = nt where nt [0, 1] is f
Econ 387L: Macro II
Spring 2011, University of Texas
Instructor: Dean Corbae
Problem Set #9 - Parts 1-3 due 4/8/11, Parts 4-12 due 4/11/11
Consider a version of the environment studied by Stokey (1989) that was taught in
class. Let (x, X, y ) be the choic
Econ 387L: Macro II
Spring 2011, University of Texas
Instructor: Dean Corbae
Problem Set #8- Due 4/4/11
This question comes from 5.1 (The One-Sector Model of Optimal Growth) of Stokey and
Lucas (1989). In Chapter 2, Stokey and Lucas introduced the problem
Econ 387L: Macro II
Spring 2011, University of Texas
Instructor: Dean Corbae
Midterm Exam Answers
1. Consider the following employment problem faced by a rm. The rm's revenues
are given by R(Nt ; Zt ) and there are costs of adjusting its employment level
Economics 387. Dynamic Contracts. Spring 2007.
Department of Economics, University of Texas
Instructor: Dean Corbae, BRB 3.134A, (o) 512-475-8530
email: [email protected], web: www.eco.utexas.edu/corbae
Homework #5 - Due 5/1/07
Compute the optimal con