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International Macroeconomics Solutions by Michael Randolph is a document available to read on EtoBox.

What is International Macroeconomics Solutions about?

1. The document discusses intertemporal consumption and savings choices using a two-period model. It derives the Euler equation and shows how the interest rate affects utility through its impact on consumption in each period. It also examines how current account balances are determined by whether the interest rate is above or below the autarky rate. 2. It then generalizes the model to include two countries and derives expressions for how savings, current accounts, and the global interest rate are determin

Author

Michael Randolph

Language

EN