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PR WAERBIE ) SOLUTION MANUAL TERS (SREB) OF ADVANCED + 93 (DavidRomer) , | MACROECONOMICS SIKH CetteyRomiy) ‘Fifth Bdition RARE BPR PR re BRERAS ) UPR ES coxmmenns) (E) ee + BK CDavid Romer) 3] AJR + BABE Jeffrey Rohaly ) AOR BE % DORE SCE Translated Economics Library SOLUTION MANUAL OF ADVANCED MACROECONOMICS Fifth Edition Boar 4 nie AAPL © ORR CRA MATE) ASH LY BCE ES PBR SRST SHES BT HY Bid (LS, AS A AN LAR ET AE RO BG ER SISAL SP HH AEF LA ESI BREE PB A A 1 GE PENS AB RY AS AEH OBS AI RAR BR SEH FB, SAE = PRE ET AAR WA DF GS AS RS EE GEL. Tyler Arant, Za- chary Breig, Andrea de Michelis, Fabio Ghironi, Galina Hale, Chen Li & Melina Mattors #242 1 #4 Uc tH LF 23H WG AB A AB Sd) RS EA 8 A. Evan Rose #ll Nick Sander $2 (i 7 93H MENS AB 5} 3 “J BNI HF. Benjamin Scud eri AALHEHE T ARH 8. 16 AAD RH 8. 18 4) Matlab EF RMP. ET 8.17 AYRE BAR AE is RBS A BES — ik SS 4) Le HS TI TE I DE AHURA FB DPR EN OY HEIR A jrohaly@urban. org. 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(0) XY DF FE 10) HR A SR RE —At* =In(0, 632). ap HEE ESOP RM cAI rao, a2) SAT R A reise as) LEFF BBE AGT A EC Ag HOS 5 BG eT a as BEL ARI, 1,9 FARA A BERS. LDL I a BOE AR OY UB RD eI EE tt. “82 w ARIF CK AL) /AL »r HAR LAF CK ,AL)/9K ]—0. (a) TEMS HURT Ht w ALS) kf). to) iE BARE BE ASN wh HY BER HF APP IG AAS AE FEA PE BER AYE ANE AE PE PALA PIE SUSAR ONAN ARTE wh +rK =F(K ,AL)—éK. Co) BEACHES r MEAS ASG Ta] 25 4, 5 NLP EAS A 7 YA A iH, AEP OES BOY REE AT EUR TEIT? POGE G B fH w Ar OSHA IE A? C4) (BLE OMA Ek HOARSE A Ce AOSTA AEFI IEAE ESOP BES BE SCR? (SRR UO ae Hk? Bs (a) APMP EL WHF (K AL) /OL FPR BREA 7 gARKAE 18 mY = ALS(k)= ALFCK/(AL)). iF ARR LAER EB x ~aL ats (-45)+aray =a[(-#)r'@+ra] =ALf(e)—kf' (A). a (b) BEACH Bb OW r=[OF CK ,AL)/aK )—8 SRE BR TRIM Y=ALf(RY=ALS(K (AL). PEAT OK AYA SCAB rats al =ALf'(k)(=-)-6 (ar) 2) =f'(b)-6. HRD ARORA wh +rK 13) wh trK =AL fk fIL +L (e)-81K =AL, fe f (5 -)AL+f"()K 6K. oO fii te tA wl +rK =ALf(k)—fK +f’ GK ~8K =ALf(k)—dK - K =ALF(q7 +1) 8K. a BAR Ae 7 PRK F CK AL ) Se UREA ABE AY. D7 BCA BY eo wh +rK = F(AEK, aL) —6K =F(K AL) 8K. 6) (co) BARE r= fh) 8. UN 8 SEH FESR ERT IEA he tad WR. ef OOF r AEA. TOP OH BIE Lr /r 0. RUS HE FL Te LAG EAS AS AN aL Ti] 8 AB EIR a Fe AS fA a eH I PEAK /Y. HE BORK BEL FEE 14 PRC REMB GEIR TB AE d(rK/¥)/dt_# ,K_Y¥ GK/Y) + 1K ¥ =0+(rtg)-(nt+g) =0. (6) PALE,» VAI FEA AL BD BBL AS RB PUA BE AS AS oh BY LAL 1 RR EF OTH RP BET LAN BUA VA BE EE ESA BE 9 97 YB ew OSCE. A TR, WHALER S Ce). RESO RET «HSIN Ta] SF SEC 1 BU 95 I BaP ASR dL fh) kf (ky V/de [F@)—kf @)] 4 Lf dok ks Go ks" @k) fR)—kf Ch) kf" bk FRI RS RY TEE ME PRE EW k= 0 SU w/w=g. HAZ POH HN oH BRP EEL EEE A AS Cd) HEHE Co) BSH SMT » 5 BH DT ESR w kf" (kk s-raiowas Hk0 AL fh) <0, ARAB A> 0 Salil r 1 SGA. AU EZR Mk IL A BE BEANIE AZ ae AAS (GL Pa RL ER POP TS BE I OK lA A 9+ @ (8) (9) 7 kemKME 15 1.10 ARAL BEOR HEF Solow JY st AY BEI BEY Piketty HF FE [Piketty (2014); Piketty and Zucman(2014); Rognlie(2015) ]ii2 09 BAP AIA. BE FRI ILIA EI 9 PFE SCL FS A 7, PY SLA AAPA B EAE PR. BOR CW) =L( LAY) /AL() ), (a) BAIA F PR NIE BT L ALK BIBL ROR SE YEA HH BERK K/Y SEIMAY FEAR ARE K SHR REE tg ASP EA HEAR K/Y SOM FEE AR EE & HOS. Cb) ABBE bis AR EEN Ta] = 0 BK /Y PERSIE n+ g 18 EMER YE AS HH HAE AY BALENT TED SE ACE AS. CORA FE HORE TEAS IF Be? eMC BEE KE? ICHAEL. Co) VRAGEN BARNS Piketty WEIS TARTAR PIER, BER BEA AY Wea IT AE ASR Be AS HH AB) PS AR Cb) FBP HIB ARF 5 BRD Mea F GEA CR AFB PUYARAS . ALE CD) MBSE ALEL K /Y FCBRSU EH , ACU AR PG BP CBR SHAS AYR) IE A VES MIC EAE. we AE Cb) ABE BEB K /Y SAG FG BRL AP «EE AE PR DE AB UN BE AUS KALA] PBC K /Y APSA OEE (OTH (d) {BEX F CK , AL) Cobb-Douglas 4: 7 BBC BEAL YS TF ANB AB ARE CD) BBSP BEE MARA. SE HEHE CE BPH CY 2) — OK (2) BE A WA BEB CK (2) LOY Cr) /aK Ce) — 8 ]) Bit ot Tl A 4 9 PE AS fF RE SHES BEA i EA BH 8 BOE ACCA dE i] ST FAB HEA Je 29 IE 8? HB (a) FEAR OR ANSE AT eo d(K/Y)/de_K _¥ mr arf @ ARF BY =F CK AL) ASIN TAD AE I Y=FK+Fy SAD ie) Fi FE (2) HS PSHE TFT RL Y 44-2) ¥_FeKK , ALFu, (AL)/dt . Y Y K Y AL FECA TI YEAS HOR a SF cK /Y EA 7 PA US AN HE {1483 16 FRGREMS REE TD MME K (AL) pou gt Oe () BER A HUA gL Ren, bate ah ne Ke a-an Mate) ©) KARO CATED AB d(K/Y)/dt_K K K/Y Kagan rte) =a-0) [Kato] 6) PAH 5 eA FH SR A AE) «BARK /Y SREY FE A A BE A WRB Fnte. HT R=K/(AL), EK RRA AL BSR n+ ge SEAMED. PSE. K /Y SHINE ETE AT SE AR EE eS. Cb) (a) BRANES TREAT. AT DAHL HEARST K/Y BUTEAS. i SR RAE RICA AB OIL BPD AH I HU) ABE AS ET ET Re 8 HR h=sfh)—(n tg tok @ WA REAR BH EBSD FTO BLL ERM SP KY. BER Fe = fk) AD VAS s=f"CRR/fk). FRE HBO RAR h=f'(Rk-(itg tok (8) Dr RECS) A PA TR Ae EB AAT I EA SEA EY PETE $=/' (nt e+) (9) SAAT FEC) » FRAT VSREPEN Ta] 2 =O BEAR A BRA Pf” CD PBA C+ gto) k/k ETERS, kMEREMT TATE IM. 18 Ca) ARAYA AEB RE eb SME HE K/Y titi. PAu K/Y Bat Tals. PRTG BERS fC) <0, 6" CR) BE ASH HTT FE. Ef ChE EES Cn +g +8) Ek BEAR TR, Ca) BOP HY BRE BR K/Y WGA. BK /Y EER EE IK. Co) Cb) BRAMURE AE BLA TK /Y AS Se TGR SR DMA » RE HE BE AR Bi Hk AB PBSC. BRE BE AR BUR Be ASC ae BE DEAR RE NET. BAG RE BEAR 28 FRE BEA AAO BRA DI BE Ab FCT A BS SHILIT As BS YEAR BR K /Y JERSE. 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LEME 5 /y HERI MEASK AEFI AR (28) AY "DETR GJiatapl atom lisa 5] 7 ay" fie eh BI 7 keMKMD ay* Bo) ee aarp) EMA BI aay (30) Cd) TEP O68 ERATE SAR ILAEL y = y * bh — BPE DUTP 3 ABB 303 /Ay| yy Ly—y* I]. aD NE Aa FE CS) St Ti] SBT (32) HEE) RA TT G2) , FH p=aj* Ls — (nto t+pt+9) 7], (33) stay fern ak d=saj*'—[nt+d+pU+¢9) laj*. G4) HBG] RAR I. BH y RAI yj MATRA My". Al HE yoy" kbas/ay HRA -([2 wo LF =[sa(2a—1)j%-? —a?j* orto +patg] 2 | (35) ay ya ay yeyt HR y =j* AEE, yO fF Te Se ay Bol ea =s(2a—Dj*!—aln tot pdt). (38) E25) 498) sj In tot p+ 9) 1, PERE s Es =f In tatptgy]Qe—Djr!—aln tat pA+$)], 37) fie LGB) as 2| = G-ainta+nd+9)]. (38) yl y=y* HABBO RAWEGD 44 FBR RIK 28 FR HRERA TE) SEO MME gee) [nt+o+pUt 9) ILy—y*]. (39) RAS Hr FES: ITE 3049 BI) y(t) —y* Senet y(Q)—y* J, (40) ERBW Aa) [n+d+ ut g) ELT EER EUE 9” AUER BS i PERRIS FERS HY He, Co) FERRER fH BLT 5 aE Se A — A A PE, HAE pa / Ca) FETE» REAR RE HO GREE a [a bop FAS AER YH GE a) [n+ +pC.+¢9)]. 11S APRA POP SC BEE RAE. 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