The equity premium a puzzle
Irasema Alonso
December 2014
Irasema Alonso
The equity premium a puzzle
December 2014
1 / 21
Introduction
Mehra and Prescott investigated whether the standard
neoclassical
Ec 502 Midterm Review Problems
Spring 2015 Prof. Adam M. Guren
1
Exam Format
The exam will last 80 minutes and have three questions:
1. Four True/False/Uncertain questions. I will provide a statement
Ec 502 Midterm Review Problems
Spring 2015 Prof. Adam M. Guren
1
Exam Format
The exam will last 80 minutes and have three questions:
1. Four True/False/Uncertain questions. I will provide a statement
Ec 502 Midterm Review Problems - Solutions
Spring 2016 Prof. Adam M. Guren
1. The price of gold rises in busts and falls in booms. Because of this, it should have a
higher return than risk-free bonds.
Econ 503
Fall 2012
S.L. Parente
Midterm Exam (10 points per question 12x 10=120 Total Points)
1. Show that the No-Ponzi condition in a deterministic world is just the transversality condition for
the
Econ 503
Macro Theory
S.L. Parente
Fall 2010
Midterm Exam II (100 points)
Question I. Overlapping Generations Economy (50 points)
An economy consists of overlapping generations of two period lived age
Econ 503
Spring 2010
S.L.Parente
Midterm II
1. Consider the following endowment economy with two household types, each of
measure 1, and two possible states of the world. In state 1 (boom), the total
Econ 503
Spring 2009
S.L. Parente
Midterm Exam II (100 points)
1. Consider the following Lucas Tree economy. There is a continuum of measure
one of identical, infinitely lived households. There is a s
Econ 503
Spring 2008
S.L. Parente
Midterm Examination II
1. This problem uses the standard Lucas Tree Model with a single tree, perishable fruit,
and a continuum of measure one of identical infinitely
Econ 503
Spring 2011
S.L. Parente
Midterm Exam II (100 points)
1. Monopolistic Competition Model with final good sector and exogenous measure of
varieties.
Household Sector: There is a continuum of id
Ec 502 Midterm Exam
Spring 2015 Prof. Adam M. Guren
NAME:
BU ID:
There are 80 points. Plan to spend approximately 1 minute per point.
1. True/False/Uncertain (5 points): Please say if the statement is
Ec 502 Problem Set 5
Spring 2016 Prof. Adam M. Guren
Note: Questions 3 and 4 are the meat of this problem set and are long. The other
problems should be shorter.
1. (Lecture 16): IS-MP-AD-AS Model. Th
Ec 502 Midterm Exam Solution
Spring 2015 Prof. Adam M. Guren
There are 80 points. Plan to spend approximately 1 minute per point.
1. True/False/Uncertain (5 points): Please say if the statement is tru
Time Consistency and Optimal Policy Design
Irasema Alonso
November 2015
Irasema Alonso
Time Consistency and Optimal Policy Design
November 2015
1 / 25
Introduction
A policy regime is an entire sequenc
Business Cycles
Irasema Alonso
September 2014
Irasema Alonso
Business Cycles
September 2014
1 / 28
What are business cycles?
Business cycles are normally thought of as fluctuations around a
growth pat
A Theory of Long-Run Growth
Irasema Alonso
September 2015
Irasema Alonso
A Theory of Long-Run Growth
September 2015
1 / 24
Sources of long-run growth: objects vs. ideas
Growth in the previous version
The Real Business Cycle Model
Irasema Alonso
September 2015
Irasema Alonso
The Real Business Cycle Model
September 2015
1 / 30
Recap
Studies of growth are about why there is an upward trend, how
high
Understanding Savings
Irasema Alonso
October 2015
Irasema Alonso
Understanding Savings
October 2015
1 / 11
Savings
Saving involves an intertemporal choice, trading off
consumption now and consumption
Advanced Macroeconomics W4213, Professor Irasema Alonso
Practice Midterm Exam
and percentage deviations
1. Data on percentage deviations of GDP from its trend (GDP)
in the U.S. from 1949:1 to 2007:3
Econ 509
S.L. Parente
Spring 2014
Problem Set: Starting Dates in Malthus to Solow
1. Complete the following table for the Malthus to Solow model we calibrated in class.
For each date, determine the re
Ec 502 Final Exam Solution
Spring 2015 Prof. Adam M. Guren
There are 120 points. Plan to spend approximately 1 minute per point.
There are two blank pages at the end. If the allotted space on a ques
Econ 503
Spring 2010
S.L. Parente
Examination I (100 Points)
1. Consider the following finite horizon problem faced by Robinson Crusoe.
There is a single output that can be used for either consumption
Econ 503
Spring 2009
S.L. Parente
Examination I (100 Points)
1. Consider the following infinite horizon problem faced by Robinson Crusoe.
There is a single output that can be used for either consumpti
Econ 503
Fall 2012
S.L. Parente
Final Examination (150 points)
I. SEARCH An unemployed worker receives every period an offer to work forever at a wage, w, where
w is drawn from the distribution F(w) w
Econ 403
Macro
S.L. Parente
Spring 2000
Final Examination (100 points)
Consider the following economy:
There is a continuum of measure one of infinitely lived agents with preferences given by
[c
t
t
Econ 403
Ph.D. Macro
S.L. Parente
Spring 2001
Final Examination (100 Points)
1. Consider the following version of the Lucas Asset pricing model. There is a single tree
in the economy with dividends gi
Econ 403
Macro Theory
S.L. Parente
Spring 2002
Final Examination
1. Consider the following two-sector growth model put forth by Greenwood, Krussel and
Hercowitz. The model is motivated by the observat
Econ 403
Macroeconomics
S.L. Parente
Spring 2003
Final Examination
1. Consider the following growth model based on Romer (1986). There is a single good
and a continuum of identical, infinitely lived a
Econ 503
Macro Theory
S.L. Parente
Fall 2010
Midterm Exam I
1. Consider the following infinite horizon model economy with two types of households,
each of measure 1. There are two goods, one of which