I have several potential questions which would be useful to go through-
1) The intuion behind the Shopping Time model as set out in Rau's notes. [I realize we did a tuitorial question on a shopping time model but the implications seem a little different in Rau's general treatment (bottom P7 his notes)]
2) In the optimal Monetary Policy lecture notes Rau suggests the optimum policy given commitment is a simple linear form. It is easy enough to verify the parameters in the class of linear rules but I can't prove the general optimality of this rule in the class of all rules. Firstly, would this be a 'fair game' question? If so help!!!!!
3) In the dynamic NK lecture you gave you went through the Stability conditions required to yield convergence to steady state. At the time you mentioned that these probably weren't necessary. However, looking back at previous exam papers it has come up. Is this just because the Syllabus was different? Moreover a recap on these might be useful (if relevant).
I have a few question from the first part of the course that I would like to ask you. I am having some trouble for example answering some of the questions at the end of the Smith chapters. See you on Friday
I am afraid some questions in the sample exam of Nick's part are very hard to answer accurately because actully we have never done that in course and also there are not hints in the lecture notes, especially those intuition part, could explain in the class that how could we prepare for questions like these?
7 Comments:
Andreas,
I have several potential questions which would be useful to go through-
1) The intuion behind the Shopping Time model as set out in Rau's notes. [I realize we did a tuitorial question on a shopping time model but the implications seem a little different in Rau's general treatment (bottom P7 his notes)]
2) In the optimal Monetary Policy lecture notes Rau suggests the optimum policy given commitment is a simple linear form. It is easy enough to verify the parameters in the class of linear rules but I can't prove the general optimality of this rule in the class of all rules. Firstly, would this be a 'fair game' question? If so help!!!!!
3) In the dynamic NK lecture you gave you went through the Stability conditions required to yield convergence to steady state. At the time you mentioned that these probably weren't necessary. However, looking back at previous exam papers it has come up. Is this just because the Syllabus was different? Moreover a recap on these might be useful (if relevant).
Any help v much appreciated
Cheers
Andreas,
Will it be possible to give sketch answers of the questions from Mr. Rau's part in the sample paper (B1 and B2).
Thanks!
Dear Andreas,
I have a few question from the first part of the course that I would like to ask you. I am having some trouble for example answering some of the questions at the end of the Smith chapters. See you on Friday
Thanks
Andreas,
I am afraid some questions in the sample exam of Nick's part are very hard to answer accurately because actully we have never done that in course and also there are not hints in the lecture notes, especially those intuition part, could explain in the class that how could we prepare for questions like these?
Andreas,
I think it would be useful to go through Rau's exam questions, especially the interpretation part of the questions.
Jerome
Dear Andreas,
Would you be able to post up answers for the Sample Exam from both parts before the Macro exam?
If so this would be really useful to us.
Thanks,
Dear Andreas,
Would you be able to post up answers for the Sample Exam from both parts before the Macro exam?
If so this would be really useful to us.
Thanks,
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