ECON 6022B
Problem Set 2
Suggested Solutions
Fall 2013
October 17, 2013
1
Optimal Consumption with A Linear Utility Function
Similar to the example in Lecture 3, the household lives for two periods and the life time utility function is
linear in consumpti
Macroeconomic Analysis
ECON 6022 II
Fall 2013
Problem Set 2
October 12, 2013
DUE: 2:30PM, Thursday, October 17, 2013. Please turn in your solutions to MEcon oce on 11/F of
KKL building. Late problem sets will NOT be accepted.
1
Optimal Consumption with A
Macroeconomic Analysis
ECON 6022 B
Fall 2013
Problem Set 4
November 26, 2013
DUE: 2:30 pm, December 9, 2013. Late problem sets will not be accepted.
1
Ricardian Neutrality I
Consider an economy that lasts for 2 periods t = 1, 2. The economy is populated b
Macroeconomic Analysis
ECON 6022 B
Fall 2013
Problem Set 3
November 6, 2013
DUE: 2:30 pm, Monday November 18, 2013. Late problem sets will not be accepted.
1
Volatility of consumption and investment in a real business cycle
model
Consider a model with ove
ECON 6022B
Problem Set 1
Suggested Solutions
Fall 2013
September 30, 2013
1
Shocking the Solow Model
Consider the basic Solow model in Lecture 2. Suppose the economy stays at its steady state in Period 0 and
there is an one-time increase in the depreciati
Macroeconomic Analysis
ECON 6022B
Fall 2013
Oct 18, 2013
Midterm Suggested Solution
1
Solow Model with Productivity Growth [25 Points]
Consider a Solow model where the production function is Y = AK L1 , where A is productivity, K and
L are capital and the
Chapter 20
Consumption
Charles I. Jones, Stanford GSB
Preliminary, Comments Welcome
Learning Objectives:
In this chapter, we study
the neoclassical consumption model, in which individuals choose the time path of their
consumption to maximize utility.
ho
Macroeconomic Analysis
ECON 6022 B
Fall 2013
Problem Set 1
September 17, 2013
DUE: 2:30PM, Friday, September 27, 2013. Please turn in your solutions before the class starts. Late
problem sets will NOT be accepted.
1
Shocking the Solow Model
Consider the b
Macroeconomic Analysis
ECON 6022 B
Fall 2013
Solution to Problem Set 3
November 18, 2013
1
Volatility of consumption and investment in a real business cycle
model
Consider a model with overlapping generations. In each period one consumer is born, and each
Macroeconomic Analysis
ECON 6022
Fall 2015
Oct 24, 2015
INSTRUCTIONS:
The exam lasts for 120 minutes. The maximal number of points to be attained for this exam is 100
points.
Please formulate your answers in English.
Please write your NAME and Universi
Macroeconomic Analysis
ECON 6022
Fall 2015
Oct 24, 2015
INSTRUCTIONS:
The exam lasts for 120 minutes. The maximal number of points to be attained for this exam is 100
points.
Please formulate your answers in English.
Please write your NAME and Universi
Macroeconomic Analysis
ECON 6022
Fall 2015
Problem Set 1
September 19, 2015
DUE: 12:00PM, Monday, Oct 5, 2015. Please turn in your solutions in hard copies in assignment box at
KKL 9th oor with Stevens name and course code on it. Late problem sets will NO
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1&1
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3.3.
Macroeconomic Analysis
ECON 6022
Fall 2015
Sept 11, 2015
1
General Information
Instructor: Dr. Heng CHEN
Oce: 915 KKL
Oce Hours: Thursday 5:00-6:00pm and by appointment
Email: hengchen@hku.hk
Class Meeting: Friday 2:30-5:30pm (A) and Saturday 2:00-5:00pm
Overview
Physical Capital and Production Function
The Solow Model
Growth Accounting
Macroeconomic Analysis
Econ 6022
Lecture 2
Fall, 2015
1 / 52
Overview
Physical Capital and Production Function
The Solow Model
Growth Accounting
Recap: Lecture 1
Recent e
Macroeconomic Analysis
Econ 6022
Lecture 5
Fall, 2015
1 / 83
Money
We have spent lots of time on Growth and Cycles
They are real models.
We need to understand the role played by Money in this
economy!
Money matters?
- Short run: We need money to under
Macroeconomic Analysis
ECON 6022
Fall 2015
Problem Set 4
November 18, 2015
DUE: 2:00PM, Saturday, Nov 28, 2015. Please turn in your solutions in hard copies in assignment box at
KKL 9th floor with Stevens name and course code on it. Late problem sets will
Macroeconomic Analysis
ECON 6022
Fall 2015
Sept 11, 2015
1
General Information
Instructor: Dr. Heng CHEN
Office: 915 KKL
Office Hours: Thursday 5:00-6:00pm and by appointment
Email: hengchen@hku.hk
Class Meeting: Friday 2:30-5:30pm (A) and Saturday 2:00-5
Macroeconomic Analysis
Econ 6022
Lecture 7
Fall, 2015
1 / 43
Overview
Weve studied growth and cycles in a consistent
framework.
Weve focused on households and rms.
Now we switch to the role that government plays in the
modern economy.
It is important
Macroeconomic Analysis
Econ 6022
Lecture 6
Fall, 2015
1/1
Overview
We have learnt that money (change in money supply and
the growth rate of money supply) is neutral in the long
run.
However, empirical evidence suggests that money is not
neutral in the s
Sharing High Growth Across Generations:
Pensions and Demographic Transition in China
Zheng Song
University of Chicago Booth
Kjetil Storesletten
University of Oslo and CEPR
Yikai Wang
University of Zurich
Fabrizio Zilibotti
University of Zurich and CEPR
Ju
5 K: (AWQM K— at Ki
<£m°‘< 2:%:*> at
—-———c—-._———-.— 173 i C ~44? é t m ’
2L" S' a ﬁ' “ _
N
( Or], am cm 7.07st k 4%,maxwigg _ 7
iwttl» m +17 9, Km will 6e45,; <24», scum;
WWW, V, #
y HE)
1&1
_ 55:2. Write your answers on this side only.
3.3.
1
Ricardian Neutrality of Fiscal Policy
We start our analysis of scal policy by stating a neutrality result for scal policy
which is due to David Ricardo (1817), and whose formal illustration is due to Robert
Barro (1974). The Ricardian proposition can be
1
Social Security
In the U.S. economy, and in the majority of developed countries, there is a Pay-As-YouGo (PAYG) social security system in place: all young workers alive in a given period pay
into a general fund administered by the government (Trust Fund
Intermediate Macroeconomics: Econ 2102/2220
1
Math For Econ 2102/2220 B
1
Shifts of a Curve vs. Movement along a Curve
1.1
Parameter and variable
Suppose y is a function of x, and
y = f (x, a)
(1)
where a is a parameter, which represents the impact of oth
Dear all,
I am writing to inform you about the format of the mid-term exam.
There are three long questions in the exam, covering mostly our
lectures on economic growth and consumption/saving. Under each long
question, there are a few sub-questions. Typica
Macroeconomic Analysis
ECON 6022 B
Fall 2013
Suggested Solution to Problem Set 4
December 10, 2013
DUE: 2:30 pm, December 9, 2013. Late problem sets will not be accepted.
1
Ricardian Neutrality I
Consider an economy that lasts for 2 periods t = 1, 2. The
Intermediate Macroeconomics: Econ 2102/2220
1
Math For Econ 2102/2220 B
1
Shifts of a Curve vs. Movement along a Curve
1.1
Parameter and variable
Suppose y is a function of x, and
y = f (x, a)
(1)
where a is a parameter, which represents the impact of oth
Macroeconomic Analysis
ECON 6022
Fall 2016
Sept 5, 2016
1
General Information
Instructor: Dr. Heng CHEN
Office: 915 KKL
Office Hours: Thursday 5:00-6:00pm and by appointment
Email: hengchen@hku.hk
Class Meeting: Monday 2:30-5:30pm (A) and Saturday 2:00-5:
Overview
Physical Capital and Production Function
The Solow Model
Growth Accounting
Macroeconomic Analysis
Econ 6022
Lecture 2
Fall, 2016
1 / 55
Overview
Physical Capital and Production Function
The Solow Model
Growth Accounting
Recap: Lecture 1
Recent e