Question
According to the balanced growth path implied by Solow-Romer model, what parameters are more susceptible to change in response to covid-19(please explain with the formula),
According to the balanced growth path implied by Solow-Romer model, what parameters are more susceptible to change in response to covid-19(please explain with the formula), in what way, and what would be the effect on the balanced growth path? What would the effect on the output gap and inflation be?
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Macroeconomics Principles And Policy
Authors: William J. Baumol, Alan S. Blinder
11th Edition
0324586213, 978-0324586213
