Macroeconomics
4th Edition
ISBN: 9780393602487
Author: Jones, Charles I.
Publisher: W. W. Norton & Company
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Question
Chapter 15, Problem 3RQ
To determine
Role of TFP shocks in explaining business cycles.
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Are TFP shocks a reasonable explanation for the business cycles
Are TFP shocks a reasonable explanation for the business cycles we see in modern economies? Why and why not?
Are TFP shocks a reasonable explanation for the business cycles
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Regardless of many assumptions, an equilibrium business-cycle model can go a long way in matching actual economic fluctuations for many macroeconomic variables. Please write down examples and explain its possible reasonings?
To what degree are fluctuations in the business cyclepredictable?
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