Macroeconomics (Fourth Edition)
4th Edition
ISBN: 9780393603767
Author: Charles I. Jones
Publisher: W. W. Norton & Company
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Question
Chapter 15, Problem 8E
(a)
To determine
Impact of increase in government purchases in the AS‑AD framework.
(b)
To determine
The impact of increase in increase in government purchases on the impulse response function of
(c)
To determine
The impact of increase in government purchases on the impulse response function of inflation.
(d)
To determine
Comparing the impulse response function of GDP and inflation to the Smets‑Wouters model.
(e)
To determine
The impulse response function for working hours with the AD‑AS framework with respect to Okun’s law and its comparison with the Smets‑Wouters model.
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Chapter 15 Solutions
Macroeconomics (Fourth Edition)
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