高级国际金融学教程习题答案ch9ans文档.pdfVIP

Foundations of International Macroeconomics1 Workbook2 Maurice Obstfeld, Kenneth Rogoff, and Gita Gopinath Chapter 9 Solutions 1. (a) In the problem, the government unexpectedly freezes the money supply, which had previously been growing predictably at the proportional rate µ, at the previous periodís level m, say. Since the economy was initially in a steady state, we have that p0 = m + (1 + η)µ, which, together with eq. (12) in Chapter 9, implies that