ADVANCED MACROECONOMICS
Fall 2014

Errata to the exercise problems
(continually updated)
 

9/9-2014   
    Problem I.1b), line 2:    "average cost"    should read    "long-run average cost".
    Problem I.5, just before a):    "Y(t) - C(t)"    should read    "I(t)"   (in analogy with (**)).
    Problem I.5g):    There should be a "?" instead of a dot after the last sentence.
    Problem VII.7, eq. (3):    Delete alpha.

7/10
    Problem II.3:    Delete question f).
    Problem IV.8, a) and b):    "Ramsey" should read    "Blanchard".   

24/10
    Problem VII.3, line 5:    Delete the sentence "That is, ......random variable".

12/11
    Problem VII.7c):    "Chapter 16.2" should read    "Chapter 15.2".
                          d):    In the text immediately above this question "from first quarter 2000" should read "from 1996", "adjustable-rate loans" should read "adjustable-rate mortgage loans" and "empirical study" should read "simulation study".