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Teaching Since: Apr 2017
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  • MBA,PHD in Psychology
    Northwest Florida State College
    Jun-1992 - May-1997

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    Northwest Florida State College,
    Aug-2006 - Nov-2015

Category > Economics Posted 03 May 2017 My Price 9.00

0.8. Consider the following model:

0.8.   Consider the following model:

Rt = β0 + β1 Mt + β2 Yt + u1t Yt   = α0 + α1 Rt  + u2t

where Mt (money supply) is exogenous, Rt is the interest rate, and Yt is GDP.

a.   How would you justify the model?

b.   Are the equations identified?

c.   Using the data given in Table 20.2, estimate the parameters of the identified equations. Justify the method(s) you use.

 

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CourseWork
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Status NEW Posted 03 May 2017 01:05 PM My Price 9.00

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