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Optimal unemployment compensation
a. Write a program to compute the autarky solution, and use it to reproduce Hopenhayn and Nicolini's calibration of r, as described in text.
b. Use your calibration from part a. Write a program to compute the optimum value function C(V ) for the insurance design problem with incomplete information. Use the program to form versions of Hopenhayn and Nicolini's table 1, column 4 for three different initial values of V , chosen by you to belong to the set (Vaut, V e).
Plot the yen versus the dollar since 1971. During which times period(s) did the yen appreciate? During which period(s) did the yen depreciate?
In April an adverse productivity shock raises the job loss rate to 3% of those employed. The job loss rate returns to 1% in May, while the job finding rate remains unchanged at 19% throughout. Find the unemployment rate for April, May, June, and J..
A recent survey of 50 executives who were laid off from their previous position revealed it took a mean of 26 weeks for them to find another position. The standard deviation of the sample was 6.2 weeks. Construct a 95 percent confidence interval f..
What are the most important decisions (price, innovation, advertising and so on) on which the firms compete?
You need to hire some new employees to staff your start-up venture. You know that potential employees are distributed throughout the population as follows, but you can't distinguish among them: Employee Value Probability
The steel end-cap is fitted into grooves cut in the timber post. The working stresses for the post are 1:8 MPa in shear parallel to the grain and 5:5 MPa in bearing perpendicular to the grain. Determine the smallest safe dimensions a and b.
the demand for the bus 207 textbook qx is given by the following equationqx 100 - 5.0 px 1.5 py - 2 pz 4.7
1. What was the growth rate of nominal GDP between 1999 and 2009 2. What was the growth rate of the GDP deflator from 1999 to 2009 3. What was real GDP in 1999 measured in 2005 prices
General price inflation is estimated to be 3% for the next 5 years, 5% the 5 years after that, and 8% the following 5 years. If you invest $10,000 at 10% for those 15 years, what is the future worth of your investment in year-0-dollars at that tim..
The Bureau of Labor Statistics currently produces only indexes for "all urban households" and "urban wage earners and clerical workers." Should the BLS produce such an index for the elderly?
Considering the economic costs of shopping, which option is better, i.e., shopping in Kuala Lumpur or shopping at Klang, Selangor?
Currently at a price of $1.00 each 100 popcicles are sold per day in the perpetually hot town of Rostin. Consider the elasticity of supply. In the short run a price increase from $1 to $2 is a unit -elastic (Es =1.0)
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