[Manual] David Romer - Advanced Macroeconomics Solution Manual
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[Manual] David Romer - Advanced Macroeconomics Solution Manual
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[Manual] David Romer - Advanced Macroeconomics Solution Manual
SOLUTIONS TO CHAPTER 1 Problem 1.1 (a) Since the growth rate of a variable equals the time derivative of its log, as shown by equation (1.10) in the text, we can write Z( t ) d ln Z( t ) d ln X( t ) Y( t ) . (1) Z( t ) dt dt Since the log of the product of two variables equals the sum of their logs, we have Z( t ) d ln X( t ) ln Y( t ) d ln X( t ) d ln Y( t ) , (2) Z( t ) dt dt dt or simply Z( t ) X ( t ) Y ( t ) . (3) Z( t ) X ( t ) Y ( t ) (b) Again, since the growth rate of a var
SOLUTIONS TO CHAPTER 1 Problem 1.1 (a) Since the growth rate of a variable equals the time derivative of its log, as shown by equation (1.10) in the text, we can write Z( t ) d ln Z( t ) d ln X( t ) Y( t ) . (1) Z( t ) dt dt Since the log of the product of two variables equals the sum of their logs, we have Z( t ) d ln X( t ) ln Y( t ) d ln X(…(drop)
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