Homework 2: ec 5660:
1. In book, equation after (3.9), it shows that under logarithmic preferences, consumption in first period is half of household wealth (discounted), please show that in steps.
2. Assume that we do not know the preferences of a country, and say that it is a country with high debt. If world interest rises in this open economy with no capital controls, what do we expect in current account? Show in steps.(no utility curves, think about
davos issue, wsj) This is for 2018. Remember, US, UK, JAPAN, ECB are at this point, have large amount of bonds, and they are about to reduce-sell them in 2018.
4. In case of uncertainty, without any technical equations, what may happen to trade balance? Current account, please briefly explain.
We value our customers and so we ensure that what we do is 100% original..
With us you are guaranteed of quality work done by our qualified experts.Your information and everything that you do with us is kept completely confidential.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
The Product ordered is guaranteed to be original. Orders are checked by the most advanced anti-plagiarism software in the market to assure that the Product is 100% original. The Company has a zero tolerance policy for plagiarism.Read more
The Free Revision policy is a courtesy service that the Company provides to help ensure Customer’s total satisfaction with the completed Order. To receive free revision the Company requires that the Customer provide the request within fourteen (14) days from the first completion date and within a period of thirty (30) days for dissertations.Read more
The Company is committed to protect the privacy of the Customer and it will never resell or share any of Customer’s personal information, including credit card data, with any third party. All the online transactions are processed through the secure and reliable online payment systems.Read more
By placing an order with us, you agree to the service we provide. We will endear to do all that it takes to deliver a comprehensive paper as per your requirements. We also count on your cooperation to ensure that we deliver on this mandate.Read more