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4. Consider the complete dynamic response of the economy to a shock that leads to a rise in TFP. (a) (2 points) Analyze
Posted: Fri Jul 01, 2022 7:54 am
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- 4 Consider The Complete Dynamic Response Of The Economy To A Shock That Leads To A Rise In Tfp A 2 Points Analyze 1 (8.93 KiB) Viewed 50 times
4. Consider the complete dynamic response of the economy to a shock that leads to a rise in TFP. (a) (2 points) Analyze the impact of the shock on the labor market in a standard DSGE model. Draw the diagram. (b) (2 points) Analyze the impact of the shock on the labor market in a DSGE model with sticky prices. Draw the diagram