IAMA Lecture 11 The AS‐AD model and an introduction to stochastic difference equations

>> DOWNLOAD LINK 🎞️ #1 <<

>> DOWNLOAD LINK 🎞️ #2 <<

>> COPY / PASTE LINK PLEASE 🎵 MP3 <<

>> YOUR LINK HERE: ___ http://youtube.com/watch?v=fwMT7S4fIig

Overview: • • AS-AD model as a system of stochastic difference equations: The “bread and butter” of modern macroeconomics • • The impulse response function as an inhomogenous difference equation – the propagation mechanism • • Solving a second-order deterministic difference equations after a permanent shock (a constant): Cookbook method • • Characteristic roots of deterministic difference equations / eigenvalues of the canonical (or companion) form as key to understanding dynamics • • The role of expectations and expectational dynamics in macro • by Prof. Burda • #macroeconomics #analysis #AS-AD #stochastic #difference #equations #eigenvalue

#############################