Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please help me with this problem. Thank you Problem set 5 Buan 6340 Linear algebra 1. Real business cycles: Consider the macroeconomic model for real

image text in transcribed

Please help me with this problem. Thank you

Problem set 5 Buan 6340 Linear algebra 1. Real business cycles: Consider the macroeconomic model for real business cycles taken from Dejong and Dave (2011) Chapter 3. In your last problem set you derived the nonlinear system: 1-Oct = (1-a) Y nt ulq-1,-1) E-1 [pulceale ) (+1-o)] Ct-1 1-a y = zkont 1= net +12 yt = a +it ky = it-1 + (1 - 8)kt-1 -1 (cll-*):-* u(cl) = 1-0 In z = (1-P) In + pln 2-1 +et Your job is to log-linearize the above system around the steady state using first-order taylor series approxima- tions to find a model in the form: Art = Ba2+-1 + Cet Programming 2. Hierarchical clustering Implement a hierarchical clustering procedure from scratch (without using sklearn or a similar package) in python. Problem set 5 Buan 6340 Linear algebra 1. Real business cycles: Consider the macroeconomic model for real business cycles taken from Dejong and Dave (2011) Chapter 3. In your last problem set you derived the nonlinear system: 1-Oct = (1-a) Y nt ulq-1,-1) E-1 [pulceale ) (+1-o)] Ct-1 1-a y = zkont 1= net +12 yt = a +it ky = it-1 + (1 - 8)kt-1 -1 (cll-*):-* u(cl) = 1-0 In z = (1-P) In + pln 2-1 +et Your job is to log-linearize the above system around the steady state using first-order taylor series approxima- tions to find a model in the form: Art = Ba2+-1 + Cet Programming 2. Hierarchical clustering Implement a hierarchical clustering procedure from scratch (without using sklearn or a similar package) in python

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Variations In Economic Analysis Essays In Honor Of Eli Schwartz

Authors: J. Richard Aronson , Harriet L. Parmet, Robert Thornton

1st Edition

1441911812,1441911820

More Books

Students also viewed these Finance questions

Question

How does this lesson connect to what you learned yesterday?

Answered: 1 week ago

Question

Are look fors being used to provide feedback?

Answered: 1 week ago