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Consider a two-period model of a small open economy with a single endowment good

Question: Consider a two-period model of a small open economy with a single endowment good received in each period and no investment. Let household preferences be described by the utilityConsider a two-period model of a small open economy with a single endowment good received in each period and no investment. Let household preferences be described by the utility function U(C1,C2) = C1 1/2 β C2 1/2 , Assume that β = 0.95. The domestic household has an initial net foreign wealth of (1 r0)B0 = 2, with r0 = 0.05. Its endowments are: Q1= 10 units of goods in period 1 and Q2= 10 units in period 2. The world interest rate paid on assets held from period 1 to period 2, r*, equals 0.05, and there is free international capital mobility. a. Calculate the equilibrium levels of consumption in period 1, C1, consumption in period 2, C2, the trade balance in period 1, TB1, the current account balance in period 1, CA1, and the country’s net foreign asset position at the end of period 1, B1. b. Assume that the endowment in period 1 decreases from 10 to 5. Calculate the effect of this output drop on consumption, the trade balance, and the current account in both periods. c. Assume now that the endowment in period 2 is expected to decrease from 10 to 5. Calculate the effect of this anticipated output drop on consumption, the trade balance, and the current account in both periods. Compare your answer to that you gave for item (b) and provide economic intuition. 2. Consider a two-period, two-country, endowment economy. Let one of the countries be the United States (U) and the other Europe (E). Households in the United States have preferences described by the utility function U(CU 1, CU 2) = ln(CU 1) β ln(CU 2), where CU 1 and CU 2 denote consumption of U.S. households in periods 1 and 2, respectively. Europeans have identical preferences, given by U(CE 1, CE 2) = ln(CE 1) β ln(CE 2), where CE 1 and CE 2 denote consumption of European households in periods 1 and 2, respectively. Let QU 1 and QU 2 denote the U.S. endowments of goods in periods 1 and 2, respectively. Similarly, let QE 1 and QE 2 denote the European endowments of goods in periods 1 and 2, respectively. Assume further that the endowments are nonstorable, that the U.S. and Europe are of equal size, and that there is free capital mobility between the two economies. The United States starts period 1 with a zero net foreign asset position. a. Suppose that β = 0.95, Q U 1 = QU 2 = QE 1 = QE 2 = 100. Calculate the equilibrium world interest rate and the current accounts in the United States and Europe in period 1. b. US-Originated Contraction # 1: Suppose that a contraction originates in the United States. Specifically, assume that QU 1 drops from 100 to 90. All other endowments (QU 1, Q E 1 and QE 2) remain unchanged at 100. This contraction in output has two characteristics: First, it originates in the United States (the European endowments are unchanged.) Second, it is temporary (the U.S. endowment is expected to return to its normal value of 100 after one period). Calculate the equilibrium interest rate and the current accounts of the United States and Europe in period 1. Provide intuition. c. US-Originated Contraction # 2: Consider now a second type of contraction in which the U.S. endowment falls from 100 to 90 in the first period and is expected to continue to fall to 70 in the second period (QU 1= 90 and QU 2= 70). The endowments in Europe remain unchanged at 100 each period (QE 1 = QE 2 = 100). As the one described in the previous item, this contraction originates in the United States. However, it differs from the one described in the previous item in that it is more protracted. Calculate again the equilibrium interest rate and the two current accounts in period 1. Point out differences in the effects of the two types of contraction and provide intuition. Show transcribed image textA…View the full answerTranscribed image text: where CE, and C2 denote consumption of European households in periods 1 and 2, respectively. Let QUI and Qu2 denote the U.S. endowments of goods in periods 1 and 2, respectively. Similarly, let Q and Q2 denote the European endowments of goods in periods 1 and 2, respectively. Assume further that the endowments are nonstorable, that the U.S. and Europe are of equal size, and that there is free capital mobility between the two economies. The United States starts period 1 with a zero net foreign asset position. = a. Suppose that ß=0.95, Q₁ Q2 Q₁ Q2 = 100. Calculate the equilibrium world interest rate and the current accounts in the United States and Europe in period 1. (3) points) b. US-Originated Contraction # 1: Suppose that a contraction originates in the United States. Specifically, assume that Qui drops from 100 to 90. All other endowments (Q₁, Q and Q2) remain unchanged at 100. This contraction in output has two characteristics: First, it originates in the United States (the European endowments are unchanged.) Second, it is temporary (the U.S. endowment is expected to return. to its normal value of 100 after one period). Calculate the equilibrium interest rate and the current accounts of the United States and Europe in period 1. Provide intuition. (2 points) c. US-Originated Contraction # 2: Consider now a second type of contraction in which the U.S. endowment falls from 100 to 90 in the first period and is expected to continue to fall to 70 in the second period (Q-90 and Q2-70). The endowments in Europe remain unchanged at 100 each period (Q₁ = Q2 = 100). As the one described in the previous item, this contraction originates in the United States. However, it differs from the one described in the previous item in that it is more protracted. Calculate again the equilibrium interest rate and the two current accounts in period 1. Point out differences in the effects of the two types of contraction and provide intuition. (2 points) gave for item (b) and provide economic intuition. (2 points) 2. Consider a two-period, two-country, endowment economy. Let one of the countries be the United States (U) and the other Europe (E). Households in the United States have preferences described by the utility function U(C₁, C2) = ln(C₁) B In(C2), where C and C2 denote consumption of U.S. households in periods 1 and 2, respectively. Europeans have identical preferences, given by U(CE₁, CE₂) = In(CE₁) B In(C2), where CE, and C2 denote consumption of European households in periods 1 and 2, respectively. Let QUI and Qu2 denote the U.S. endowments of goods in periods 1 and 2, respectively. Similarly, let Q and Q2 denote the European endowments of goods in periods 1 and 2, respectively. Assume further that the endowments are nonstorable, that the U.S. and Europe are of equal size, and that there is free capital mobility between the two economies. The United States starts period 1 with a zero net foreign asset position. = a. Suppose that ß=0.95, Q₁ Q2 Q₁ Q2 = 100. Calculate the equilibrium world interest rate and the current accounts in the United States and Europe in period 1. (3) points) b. US-Originated Contraction # 1: Suppose that a contraction originates in the United States. Specifically, assume that Qui drops from 100 to 90. All other endowments (Q₁, Q and Q2) remain unchanged at 100. This contraction in output has two characteristics: First, it originates in the United States (the European endowments are unchanged.) Second, it is temporary (the U.S. endowment is expected to return. to its normal value of 100 after one period). Calculate the equilibrium interest rate and the current accounts of the United States and Europe in period 1. Provide intuition. (2 points) c. US-Originated Contraction # 2: Consider now a second type of contraction in which the U.S. endowment falls from 100 to 90 in the first period and is expected to continue to fall to 70 in the second period (Q-90 and Q2-70). The endowments in Europe remain unchanged at 100 each period (Q₁ = Q2 = 100). As the one described in the previous item, this contraction originates in the United States. However, it differs from the one described in the previous item in that it is more protracted. Calculate again the equilibrium interest rate and the two current accounts in period 1. Point out differences in the effects of the two types of contraction and provide intuition. (2 points)

Life nowadays, due to technology, is filled with burdens and more troubled than before.

I attached the rubric for this essay. I am in 11th grade so I would like this essay to be amazing for my grade but do not use big synonyms for every word, it will make the essay look dumb. It is supposed to be a persuasive essay, i want to show the reader i am with technology being a burden but to a certain point like how it helped us fight diseases and access the internet for research but that by accessing the internet it is also a bad thing!

Critically discuss how rising inflation levels may affect performance across the various activities of UK

Question: Critically discuss how rising inflation levels may affect performance across the various activities of UK banks. Analyse the key risks for bank business models emerging from inflation. Evaluate the strategies that banks can adopt to protect themselves and promote performance over the next five years. (1500 words essay)Critically discuss how rising inflation levels may affect performance across the various activities of UK banks. Analyse the key risks for bank business models emerging from inflation. Evaluate the strategies that banks can adopt to protect themselves and promote performance over the next five years. (1500 words essay)
Prices are rising by 9% a year in the UK – the highest rate for 40 years. The Bank of England has warned inflation might reach 10% within months, as the prices of fuel and food put pressure on household budgets. Why has inflation risen so much? Infla…View the full answer

A journalist argues that each railway company should be required to charge all customers the

Business Assignment Help Question: A journalist argues that each railway company should be required to charge all customers the same price for the same journey. This the journalist argues would increase consumer surplus. Is the jour- nalist’s argument correct? Explain your answerSee the answerSee the answerSee the answer done loadingA journalist argues that each railway company should be required to charge all customers the same price for the same journey. This the journalist argues would increase consumer surplus. Is the jour- nalist’s argument correct? Explain your answer
Answer :- No, the Arguement by the Journalist regarding same journey same price for all customers is incorrect. It don’t increase consumer surplus . Explaination :- Differential Pricing Benefits the Consumers plus by :- Differential pricing of train…View the full answer

Given an AHP problem with 5 criteria and the principal eigenvalue = 5.107, find the

Question: Given an AHP problem with 5 criteria and the principal eigenvalue = 5.107, find the consistency index (CI) and consistency ratio (CR), correct to 3 decimal places. Are the pairwise comparisons consistent enough? You need to show how you derive the final answer in order to earn partial credit in case of an incorrect answer.Given an AHP problem with 5 criteria and the principal eigenvalue = 5.107, find the consistency index (CI) and consistency ratio (CR), correct to 3 decimal places. Are the pairwise comparisons consistent enough? You need to show how you derive the final answer in order to earn partial credit in case of an incorrect answer.

Q18. Consider the following data for Tyrovia, a country that produces only two products:

Question: Q18. Consider the following data for Tyrovia, a country that produces only two products: guns and butter. Year Guns Produced | Price of Guns | Butter Produced | Price of Butter 2005 | 80 85 40 $4 2013 90 60 | 10 (1) Nominal GDP for Tyrovia in 2013 equals (2) Real GDP for Tyrovia for 2013 using 2005 as the base year equals (3) GDP deflator in 2013 using 2005See the answerSee the answerSee the answer done loading



Kindly help with question 1 and question 18 all parts thank you
Show transcribed image textAnswer: GDP deflator can be written as = Nominal GDP / Real GDP x 100 With the help of the above-given table, we can fin…View the full answerTranscribed image text: Q18. Consider the following data for Tyrovia, a country that produces only two products: guns and butter. Year Guns Produced | Price of Guns | Butter Produced | Price of Butter 2005 | 80 85 40 $4 2013 90 60 | 10 (1) Nominal GDP for Tyrovia in 2013 equals (2) Real GDP for Tyrovia for 2013 using 2005 as the base year equals (3) GDP deflator in 2013 using 2005 as the base year equals Q18. Consider the following data for Tyrovia, a country that produces only two products: guns and butter. Year Guns Produced | Price of Guns | Butter Produced | Price of Butter 2005 | 80 85 40 $4 2013 90 60 | 10 (1) Nominal GDP for Tyrovia in 2013 equals (2) Real GDP for Tyrovia for 2013 using 2005 as the base year equals (3) GDP deflator in 2013 using 2005 as the base year equals

c. According to a report, MTN’s own price elasticity of demand for long distance

Question: c. According to a report, MTN’s own price elasticity of demand for long distance services is -8.64. If MTN lowered price by 3 percent, what would happen to the volume of long distance telephone calls routed through MTN? (4 marks) d. If the Income elasticity of demand for chocolate is -1.94 and consumer incomes are expected to rise by 10 percent in the nextShow transcribed image textTranscribed image text: c. According to a report, MTN’s own price elasticity of demand for long distance services is -8.64. If MTN lowered price by 3 percent, what would happen to the volume of long distance telephone calls routed through MTN? (4 marks) d. If the Income elasticity of demand for chocolate is -1.94 and consumer incomes are expected to rise by 10 percent in the next year, how will this forecast affect the chocolate factories decision making process? From your answer, what type of good is the chocolate to the consumers? (4 marks)

Essay/coursework 4

Correlation is a common statistic to measure a general linear relationship between two variables. Explain why correlation does not equal causation. PLEASE USE 135 WORDS TO EXPLAIN. Including 1 reference in APA formation with citation within 5 years related to the topic. 2. Explain the differences between parametric and nonparametric tests. How do you determine if a parametric or nonparametric test should be used when analyzing data in Public Health? PLEASE USE 135 WORDS TO EXPLAIN. Including 1 reference in APA formation with citation within 5 years related to the topic.

1. What are the main or usual attractions community-based tourism? Name two. for 2.

Question: 1. What are the main or usual attractions community-based tourism? Name two. for 2. What do tourism researchers use the tourism lifestyle cycle for? 3. What is thematic tourism? 4. Discuss food-based tourism. Identify communities near where you live or back home that have community-based food tourism events. 5. What is attraction management? 6. What is theShow transcribed image textAnswer 1 – community-based tourism is the local communities have, they have the ownership of the tourism which benefits economically within their community. It can be natural or heritage attractions. like- biking around the village, visiting the loca…View the full answerTranscribed image text: 1. What are the main or usual attractions community-based tourism? Name two. for 2. What do tourism researchers use the tourism lifestyle cycle for? 3. What is thematic tourism? 4. Discuss food-based tourism. Identify communities near where you live or back home that have community-based food tourism events. 5. What is attraction management? 6. What is the product lifecycle?

3) In respective of market power, what is a firm with a dominant position, and what consequences would that have on competition.

Question: 3) In respective of market power, what is a firm with a dominant position, and what consequences would that have on competition.See the answerSee the answerSee the answer done loadingdetailed answer please !!! *** NOT LESS THAN HALF PAGE OR 1PAGE****Show transcribed image textAnswer:-(…View the full answerTranscribed image text: 3) In respective of market power, what is a firm with a dominant position, and what consequences would that have on competition.

4-Use the information in the table below to identify the type of cross elasticity

Question: 4-Use the information in the table below to identify the type of cross elasticity relationship between products X and Y in each of the following five cases, A to E. Percent change Percent change in Cross elasticity in price of Y quantity demanded of X type A 5 B9 6 C 5 -5 D 3 0 E-2 10 5-The following is a straight-line demand curve that confronts a singleSee the answerSee the answerSee the answer done loading







Show transcribed image textTranscribed image text: 4-Use the information in the table below to identify the type of cross elasticity relationship between products X and Y in each of the following five cases, A to E. Percent change Percent change in Cross elasticity in price of Y quantity demanded of X type A 5 B9 6 C 5 -5 D 3 0 E-2 10 5-The following is a straight-line demand curve that confronts a single firm. Quantity Price demanded (3) $6 1 5 2 3 5 In column 3, compute total revenue. In column 4, compute the coefficient for the price elasticity of demand at each price using the midpoints formula. Cases 3 $ 4-Use the information in the table below to identify the type of cross elasticity relationship between products X and Y in each of the following five cases, A to E. Percent change Percent change in Cross elasticity in price of Y quantity demanded of X type A 5 B9 6 C 5 -5 D 3 0 E-2 10 5-The following is a straight-line demand curve that confronts a single firm. Quantity Price demanded (3) $6 1 5 2 3 5 In column 3, compute total revenue. In column 4, compute the coefficient for the price elasticity of demand at each price using the midpoints formula. Cases 3 $ 4-Use the information in the table below to identify the type of cross elasticity relationship between products X and Y in each of the following five cases, A to E. Percent change Percent change in Cross elasticity in price of Y quantity demanded of X type A 5 7 B9 6 C 5 -5 D 3 0 E-2 10 5-The following is a straight-line demand curve that confronts a single firm. Quantity demanded (3) (4) 1 5 6 In column 3, compute total revenue. In column 4, compute the coefficient for the price elasticity of demand at each price using the midpoints formula. Cases Price $6 5 4 3 2 1 2 $

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