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23 Cards in this Set
- Front
- Back
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nominal interest= |
real interest+ inflation |
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inflation= |
money growth- GDP growth |
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Mt= |
(1+gm)t*Mo |
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gm= |
1/t*log(Mt/Mo) |
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Mt*Vt= |
Pt*Yt |
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Mt |
money supply in year t |
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Vt |
velocity in year t
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Pt |
price level in year t
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Yt |
GDP in year t
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Y= |
AK^aL^1-a |
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PY= |
RK+WL |
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R/P= |
aA*(L/K)^(1-a) |
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W/P= |
A*(1-a)*(K/L)^a |
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u= |
logc+flogl |
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L1= |
1/1+f*(1-f*(R/P)/(W/P)*K) |
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L2= |
1/(1+f)/1-a |
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Grow Rate= |
(Xt-Xt-1)/Xt-1 |
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yt= |
(1+g)t*yo |
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the slow growth model production |
y=AK^a |
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Goods Market clearing |
Y=C+I |
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consumption function |
C=(1-s)*Y |
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s |
exogenous saving rate |
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capital accumulation |
K1=I+(1-d)*Ko |
