MAKØK 2, blok 1, 2016

Errata to Lecture Notes

7/10 2016  
 
Ch. 1, p. 3, line 6 from below:    "on the major lines"    should read    "the major lines".

Ch. 3, p. 77, line 3:    "with"    should read    "with continuous".
    -        -    , n. 8, line 2:    "wealth"    should read    "initial wealth".
    -        -        -  , line 3:    "wealth"    should read    "initial wealth in the sense of initial resources evaluated".
    -        -        -  , line 4:    delete "evaluated at the beginning of period t".
    -        -        -  , line 5:    "is w(t)/(1 + r(t))"    should read    "is w(t)".
    -   , p. 79, line 3:    "We see from (3.12)"    shold read    "We see from (3.13)".
    -   , p. 102, DEFINITION 5, line 2:    "x* > 0 is"    should read    "x* is".
    -   , p. 102, line 5 from below:    "state, it is globally"    should read    "state, we see it is globally".       

Ch. 4, p. 127, line 4 from below:    "then  .  goes"    should read    "then goes".   
    -   , p. 142, line 1 from below:    "steady state"     should read    "steady state, and it is globally asymptotically stable".
    -   , p. 146, line 1 from below:    "that they are"    should read    "that at least up to recently they have been".

Ch. 6, p. 231, middle:    "scope for counter-cyclical"    should read    "scope for countra-cyclical".
    -   , p. 246, line 1 from below:     at the end, add: "society is thus unaffected and aggregate saving stays the same. <footnote 25> A complete Barro model is presented in Chapter 7."
    -   , p. 251, eq. (6.34):    "w_t"    should read    "w".
    -   ,    -    , footnote 27:    "(??)" refers to the formula for s_t at the bottom of p. 250.
    -   , p. 252, line 7 from below, the formula for deltaT_t :    on the right-hand side a factor m is lacking.
    -   ,    -    , two lines further down:    "his"    should read    "this".
    -   , p. 257, line 4 from below:    after "in taxation" add: ", the composition of the tax-base argument''    should read    " 'true structural budget' ".
    -   ,    -    , one line further below:    "are myopic"    should read    "are more myopic".

Ch. 11, p. 444, line 9 from below:    Delete "For convenience, we assume that rho > 0 throughout." (It is not needed in view of (A1) p. 447.)
    -     , p. 446, line 5-4 from below:    "from the households' choices"    should read    "from the household's choices".
    -     , p. 450, line 2:    "Disposable income"    should read    "Disposable non-capital income".    
    -     , p. 454, line 3 from below:    "t_0"    should read    "t_1".
    -     , p. 456, at four places:    "t_0"    should read    "t_1". 

18/10 2016

Ch. 6, p. 244, line 8:    "in (??)"    should read    "in (DGBC)".

22/10 2016

Ch. 9, p. 358, line 1 from below:    "of what in"    should read    "of what". 
    -   , p. 369, line 10:    "by the fration rule"    should read    "by the quotient rule".  

24/10 2016

Note 2, p. 2, line 1 from below:    "p_t-1-i"    should read    "p_t-i".       
    -     , p. 5, eq. (9):    replace alpha by a.

31/10 2016

Ch. 14, p. 604, line 4:    "installment"    shoud read    "installation".
    -        -       , line 7:     "installment"    shoud read    "installation".
    -        -       , second line below (14.27):    delete "internal".
    -        -       , line 7:     "installment"    shoud read    "installation".
    -    , p. 605, line 14-16:    delete "This market evaluation ....of the firms."   

15/11 2016

Note 2, p. 7, line 12:   "{(X_t, Y_t)}_{t-n}^{t+T}"    should read    "{(X_s,Y_s)}_{t₀}^{t₀+T}  T periods ahead".
        -          ,    -  , line 13:    "as of time t"    should read    "as seen from time t₀".
        -          ,    -  12:    "from time t)."    should read    "from time t_0)." 
        -          ,    - 37, line 10 from below:    "sequences {(X_t, Y_t)}_{t=t_0}^{T}, where Y_t and X_t"    should read    "{(X_s,Y_s)}_{s=t₀}^{t₀+T}, where Y_s and X_s".
        -          ,    - 37, line 8 from below:    "{t₀, t₀+1, ..., T}"    should read    "{t₀, t₀+1, ..., t₀+T}".
        -          ,    - 37, line 7 from below:    "{(Y_t, X_t)}_{s=t}^{T}"    should read    "{(Y_s, X_s)}_{s=t₀}^{t₀+T}".   

 

 

 

 


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