on Lucas's model and the staggered wage, can be downloaded here.
I have not included the solution to the optional question 4, but do let me know if you are interested.
Banks' Solvency and Nationalisation
The idea sounds more plausible by the day. Or is there any other way to cure the cancer without replacing the organ? Time for a reading list.
- Buiter [Feb21: Create good banks]
- Caballero [Feb22: Promise to boost banks shares!]
- Greenspan [Feb18: @FT]
- Robert Hall [Feb 23: The right way to create good/bad banks]
- John Hempton [Feb16: Banks solvency and Geither plan]
- Simon Johnson [Jan27: Stand up to the bankers][Feb23]
- Krugman [Feb20][Feb22][Feb24: Mysterious Plans][Feb25]
- James Kwak [Feb24: TCE for beginners]
- Mankiw [Feb16: Pre-privatisation]
- Matthew Richardson [Feb26: The case for and against]
- Salvatore Rossi [Feb25@Vox]]
- Roubini [Feb10][Feb13: We're all swedes][Feb18][Feb25.1][Feb25.2]
- Mike Shedlock [Feb17][Feb19][Feb22][Feb25][Feb26: On CAP]
- Yves Smith [Feb18]
EE432 2009: Solution to Problem Set 1
...can be downloaded here.
These are rough solutions for you to cross-check your answers only. In real exams, you may be expected to develop your arguments more fully.
These are rough solutions for you to cross-check your answers only. In real exams, you may be expected to develop your arguments more fully.
Bookmark this week: Feb 16th 2009
- On Japan's Q4 GDP = -3.3% [Mish][Menzie Chinn]
- Frankel says $800bn stimulus is both too small and too big
- What are those smart people at CERN trying to discover? Higgs Boson! (Also see 'Race for God particl heats up' at the BBC)
EE432 2009: Topic 3 Materials
In this topic, we address the "New Keynesian Macro".
The reading pack can be downloaded here.
The reading priorities as specified in the course outline are now obsolete. I'll explain in the lecture which should be the top of your agenda.
The reading pack can be downloaded here.
The reading priorities as specified in the course outline are now obsolete. I'll explain in the lecture which should be the top of your agenda.
Bookmark This Week (Feb 10, 2009)
- John Taylor "How Government Created the Financial Crisis" (or what the Taylor rule said, but wasn't heeded)
- Jeff Frankel on the Spending Priorities
- Washington Post...dissecting the $819 billion package
- Fed, ECB and BoJ monetary policy frameworks @ Vox
- Roubini supports nationalisation of the banking sector
- Martin Wolf says TARP will fail
- Mendoza revisited Irving Fisher's view on depressions & cures (...Fisher's original piece here) (...The Economist on Irving Fisher)
- Bernanke's testimony on Fed's programs to strengthen the credit markets
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