MONEY, CREDIT, AND
BANKING LECTURE
The Economic Effects of Technological Progress:
Evidence from the Banking Industry
ALLEN N. BERGER
This paper examines technological progress and its effects in the
Macroeconomic Analysis, Spring 2014
Tutorial #2 - Answer Key
1. The golden rule. Consider the steady state of the Solow model without
technological progress.
(a) Provide an expression for the steady s
Macroeconomic Analysis, Spring 2014
Tutorial #3 Answer Key
1. Explain the dierences in exogenous and endogenous technical progress.
Why is such distinction important?
Exogenous means from
outsidethe
1 March 2014
Macroeconomic Analysis, Spring 2014
Tutorial #4 - Answer Key
1. Consider the real business cycle model of perfect competition and clearing markets. Trace the eects of a temporary positive
20 January 2014
Macroeconomic Analysis, Spring 2014
Tutorial #1 - Answer Key
1. Express the growth rate of y in terms of the growth rates of k; l, and
m for the following cases. Assume
is some arbitra