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Question: a. Using data on ?Y (the growth rate in GDP) from 1955:1 to 2009:4, estimate an AR(1) model with GARCH(1,1) errors.
b. Plot the residuals from the AR(1) model along with ±t bands as in Figure 16.4.
c. Some macroeconomists have claimed that there was a sharp drop in the variability of ?Y around 1983, which they call the "Great Moderation." Is this Great Moderation evident in the plot that you formed in (b)?
Elucidate the percentage rate of Full Employment and Inflation that that these two organizations try to keep as its target.
A no of empirical studies of automobile demand yielded the subsiquent estimates of income and price elasticities
a. Compute d'(t). What units are associated with the derivative, and what does it measure? b. When will the object hit the ground? c. What is the velocity of the object when it strikes the ground (in mi/hr)?
Using the tools of demand and supply analysis, illustrate the impact of rent control on the market for housing in a free market economy. Would a voucher system of housing subsidy for the poor or low income households work better or worse than rent co..
Explain why does a production possibilities curve bow out rather than forming a straight line sloping downward from left to right.
The percentage of children who die before their first birthday in a particular country?
In a short essay (250-400words), explain the benefits of a multi-domestic strategy to firm internationalizatio n. What are some of the disadvantages to this approach?
however many critics contended that this sequester measure is only temporary and too small given the 4t us government
While walking through the park, Jane finds a $100 bill. No one is around to claim it, so she keeps it. Does Jane have any gross income as a result of this?
work decisions are based upon a comparison of priviate cost and the private benefit. The excludedable benefit of addtional work is measurable as the change in what options - income less transfer payments lost, gross income, net tax payments, adjus..
What implicit weight is placed on the inflation target under this rule? Discuss. Draw an IS-MP diagram but instead of the usual MP curve, graph the monetary policy rule.
Pickering Heavy Equipment Limited (PHL) would like to determine the lease payment it quotes to the lessee. Assume that the asset costs $2,000,000, has a 5 year useful life and a CCA rate of 40%.
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