Maurice Tutor

(5)

$15/per page/Negotiable

About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 408 Weeks Ago, 1 Day Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 15 Jan 2018 My Price 10.00

real-business-cycle

Solving a real-business-cycle model by finding the social optimum.34 Consider the model of Section 5.5. Assume for simplicity that n = g = A = N = 0. Let V(Kt,At), the value function, be the expected present value from the current period forward of lifetime utility of the representative individual as a function of the capital stock and technology.

 

 

 

(b) Find the first-order condition for Ct. Show that it implies that Ct/Yt does not depend on Kt or At.

 

(c) Find the first-order condition for t. Use this condition and the result in part (b) to show that t does not depend on Kt or At.

 

(d) Substitute the production function and the results in parts (b) and (c) for the optimal Ct and t into the equation above for V(•), and show that the resulting expression has the form V(Kt,At) = β-0 + β-K ln Kt + β-A ln At.

 

(e) What must βK and βA be so that β-K = βK and - A = βA?35

 

(f) What are the implied values of C/Y and ? Are they the same as those found in Section 5.5 for the case of n = g = 0?

 

 

 


Answers

Maurice Tutor
(5)
Status NEW Posted 15 Jan 2018 09:01 PM My Price 10.00

Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------acq-----------uis-----------iti-----------on -----------of -----------my -----------pos-----------ted----------- so-----------lut-----------ion-----------.Pl-----------eas-----------e p-----------ing----------- me----------- on-----------cha-----------t I----------- am----------- on-----------lin-----------e o-----------r i-----------nbo-----------x m-----------e a----------- me-----------ssa-----------ge -----------I w-----------ill----------- be-----------

Not Rated(0)
Relevent Questions