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珀斯代寫assignment Accounting assignment essay代寫

Sample questions ECW2730
 
  1.  Draw the standard diagram to illustrate the Solow model. Clearly label all three lines in the diagram. Indicate in your diagram (or draw a second diagram with the new situation) what happens when the national savings rate decreases.  The Solow diagram is helpful for some reasons why economic growth differs between countries. Mention two factors that cause different growth rates but are not captured by the Solow model.珀斯代寫assignment Accounting assignment essay代寫
  2. The Romer model assumes that larger countries have an advantage over smaller nations. Explain the logic behind that. Try to derive recommendations from the Romer model for China.
  3. Give an example of a counter-cyclical indicator of the business cycle. Consumption and investment are both pro-cyclical. Which one of the two is more volatile and why?
  4. One norm for the government debt says that it should increase in step with nominal gdp but not faster than that. Explain why such a norm is more common than the stricter norm that says the government should try to balance its budget every year. Explain why a large government debt is a burden for the economy even if all the debt is held by domestic pension funds and retirement schemes.
  5. Many economics textbooks contain diagrams that suggest that the government can easily boost the current rate of economic growth. Draw one such a textbook diagram, clearly indicating what each axis and each line represents and mention two aspects that are neglected in such a recipe for easy increases in growth.
  6. This textbook introduces a curve called the “monetary policy curve”. Explain the purpose of that curve and discuss its relation to Taylor’s rule.
  7. A small country that imports its oil is faced with a large increase in the international price of energy. The central bank could print more money in view of this oil price increase or it could maintain its earlier policy. Discuss these alternatives.
  8. Please consider figure 11.4 from the textbook (copied below).  It relates to the US. What is the name of the relationship depicted here? Explain why the line in the figure does not go through the origin. If one were to construct such a diagram for China over the past twenty years, the line would be even more to the right. Explain why.
  9. Here is Taylor’s rule for developed nations:珀斯代寫assignment Accounting assignment essay代寫
Federal funds rate  =  π + 2.0  + 0.5 (π - πT) +0.5 (Y - YP) .
 Explain all four terms in this expression. Explain why YP is hard to measure after a large recession .
  1. Please consider figure 18.9 from the textbook (copied below).  Hong Kong has capital mobility and a fixed exchange rate with the US. Denmark has full capital mobility and a fixed exchange rate with the euro. Use the concept of seignorage to explain why Hong Kong and Denmark prefer this arrangement to adopting the dollar or the euro as their official currency. Some countries combine a domestic currency with wide circulation of a foreign currency. Greece may move to that situation. What are the consequences for seignorage in Greece of such an outcome?珀斯代寫assignment Accounting assignment essay代寫

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