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what is a target-zone arrangementwhat are the benefits and costs of participating in
it is a consequence of our model of flexible exchange rate determination that when capital markets are sufficiently
in the early 1970s the united states moved from a system of fixed exchange rates to a system of floating ones is the
consider a world with some capital mobility the home countrys capital account improves as domestic interest rates rise
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a use equations 3 and 4 to forecast both the price level and the level of output that result from the simple as - ad
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consider the basic solow model with no population growth and no technological progress and a production function of the
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consult the wall street journal or some other newspaper that lists foreign exchange rates on its financial pages for
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go to wwwfederalreservegovfomcdefaulthtm the official website of the federal open market committee fomc of the federal
when the fed buys or sells gold or foreign exchange it automatically offsets or sterilizes the impact of these
a proposal for 100 percent banking involves a reserve ratio of unity such a scheme has been proposed for the united
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a what is a bank runb why might one occurc if the fed took no action in the face of a bank run what would be the
a what is an inside lagb we can divide inside lags into three smaller sequential lags what are these and in what order
a what is an outside lagb why does it generally take the form of a distributed lagc which has the smaller outside
a what is an econometric modelb how might one be usedc there is always some uncertainty with respect to predictions
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the basic facts about the path of gdp are as in problem 1 but there is now a one-period outside lag for government
check the federal reserve boards semiannual monetary policy reports to the congress wwwfederalreservegovboarddocshh in
what role do financial markets play in the economy why do we as macroeconomists study