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EC6012 Group 2

Monday, March 24, 2008. Stagflation and the PC Model. There are two main bodies of thought as regards the causes of inflation. We shall now examine them in order to determine the necessary changes we should make to our PC model in order to simulate stagflation in an economy. Simulating this through the PC model:. The supply shock to the system will take the form of the figure below. Due to the general reduction in supply, prices will increase and output will reduce. As output (Y) falls consumptio...Http:...

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EC6012 Group 2 | ecgroup2.blogspot.com Reviews

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Monday, March 24, 2008. Stagflation and the PC Model. There are two main bodies of thought as regards the causes of inflation. We shall now examine them in order to determine the necessary changes we should make to our PC model in order to simulate stagflation in an economy. Simulating this through the PC model:. The supply shock to the system will take the form of the figure below. Due to the general reduction in supply, prices will increase and output will reduce. As output (Y) falls consumptio...Http:...

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EC6012 Group 2 | ecgroup2.blogspot.com Reviews

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Monday, March 24, 2008. Stagflation and the PC Model. There are two main bodies of thought as regards the causes of inflation. We shall now examine them in order to determine the necessary changes we should make to our PC model in order to simulate stagflation in an economy. Simulating this through the PC model:. The supply shock to the system will take the form of the figure below. Due to the general reduction in supply, prices will increase and output will reduce. As output (Y) falls consumptio...Http:...

INTERNAL PAGES

ecgroup2.blogspot.com

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EC6012 Group 2: Lecture 2, Exercise 3

http://ecgroup2.blogspot.com/2008/02/lecture-2-exercise-3.html

Monday, February 11, 2008. Lecture 2, Exercise 3. What do you think will happen to the steady state value(s) of output when θ changes? Why does this happen? Subscribe to: Post Comments (Atom). Gary Kilmartin Ronan McHugh Ying Zhang. View my complete profile.

2

EC6012 Group 2: Homework 2

http://ecgroup2.blogspot.com/2008/02/homework-2.html

Monday, February 18, 2008. Why must the vertical columns sum to zero? The vertical columns must sum to zero because the change in the amount of money held must always be equal to the difference between receipts and payments. Hence, within a household, the difference is between household receipts and payments and for the government it’s the difference between government receipts and outlays. Why must the horizontal rows sum to zero? Explanations for each row. Gs and -Gd terms will sum to zero. Output is t...

3

EC6012 Group 2: Homework 1: Definitions and Examples

http://ecgroup2.blogspot.com/2008/02/homework-1-definitions-and-examples.html

Monday, February 11, 2008. Homework 1: Definitions and Examples. 1 Aggregate Demand Relation. Total demand for goods and services in the economy from within and outside its borders. As Price level drops national income and/or quantity of output increases. 1 http:/ fxtrade.oanda.com/help/glossary/glossaryA C.html. 2 http:/ www.sparknotes.com/economics/macro/aggregatedemand/section2.rhtml. 1 Matthews, R. C. O. (1984): Animal spirits, Proceedings of the British Academy, 70, 209-229. US Treasury Bond, which ...

4

EC6012 Group 2: Blogwork 3

http://ecgroup2.blogspot.com/2008/02/blogwork-3.html

Monday, February 25, 2008. 1 Explain the differences between SIM and SIMEX when both models are in their steady states? For SIM model, wealth is the equilibrium mechanism similar to the buffer in the SIMEX model. For the SIMEX model the important buffer is the role of money. Some notional income level is reached given fixed expectations and perfect foresight. Stationary equilibrium is the same in both models. Can you draw any general conclusions about the real world from this model? Follow the format of ...

5

EC6012 Group 2: Stagflation and the PC Model

http://ecgroup2.blogspot.com/2008/03/stagflation-and-pc-model.html

Monday, March 24, 2008. Stagflation and the PC Model. There are two main bodies of thought as regards the causes of inflation. We shall now examine them in order to determine the necessary changes we should make to our PC model in order to simulate stagflation in an economy. Simulating this through the PC model:. The supply shock to the system will take the form of the figure below. Due to the general reduction in supply, prices will increase and output will reduce. As output (Y) falls consumptio...Http:...

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Monday, March 24, 2008. Stagflation and the PC Model. There are two main bodies of thought as regards the causes of inflation. We shall now examine them in order to determine the necessary changes we should make to our PC model in order to simulate stagflation in an economy. Simulating this through the PC model:. The supply shock to the system will take the form of the figure below. Due to the general reduction in supply, prices will increase and output will reduce. As output (Y) falls consumptio...Http:...

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