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I understand, commercial banks are entitled by the Central Bank to "create new money" when they issue a loan and correspondingly "destroy the money" when the loan is paid back...
Asked on 09/01/2021 by elemolotiv
1 answerI'm doing a problem set on the subject of Bayesian Nash equilibrium. I'm asked to find the pure-strategy BNE of the following. I've calculated to matrix shown below. My first...
Asked on 08/31/2021 by Justin Malik
2 answerI am currently going through a video by Peter Schiff from the occupy Wallstreet period where he is talking with the protestors at the time. I'm pretty...
Asked on 08/25/2021 by akozi
2 answerI am reading an IMF paper about China's debt (link) which says: ❝ Despite a large augmented fiscal deficit of 10 percent, fiscal savings remain higher than...
Asked on 08/25/2021
1 answerI am trying to determine the values for when this ARMA model is covariance stationary. I have the model: $z_t = a + Bz_{t-1} + u_t + u_{t-1}$ I...
Asked on 08/20/2021
1 answerI'm trying to solve a growth model, where the author indicates is a dynamical system.I want to ask if someone would help me with some guidelines of how to...
Asked on 08/20/2021 by RLF
0 answerI am trying to solve a Hamiltonian-Jacobi-Bellman equation with additional constraints on the state and control variables, but I am a bit confused on how to do that. In ...
Asked on 08/20/2021
0 answerIn The Wealth of Nations, Adam Smith uses the word "stock" many times, but not with the meaning we ascribe to it today (supply of an asset, inventory). I take...
Asked on 08/20/2021
1 answerI wonder if business cycle fluctuations are usually studied in a (New Keynesian) DSGE model, or can they also be studied in a growth model?...
Asked on 08/20/2021
1 answerSuppose, the Aggregate supply is given by the Lucas Supply Curve - $y_t = ȳ + b(P_t - E_{t-1}P_t) + μ_t$ where $μ_t$ is stochastic supply shock (following...
Asked on 08/20/2021
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