Chapter 5 – Business Cycles in Emerging Countries: Productivity Shocks versus Financial Fricitions

• Exercise 5.1 (Explaining the Serial Correlation of Investment Growth)
• Exercise 5.2 (The Effect of Nonstationary Productivity Shocks on the Trade Balance in the Presence of Nontraded Goods)
• Exercise 5.3 (Slow Diffusion of Technology Shocks to the Country Premium, Household Production, and Government Spending)
• Exercise 5.4 (The Importance of Nonstationary Productivity Shocks in the GPU Model)
• Exercise 5.5 (Letting Productivity, Noise, and Interest-Rate Shocks Compete)
• Exercise 5.6 (The Meaning of Variance Decomposition Under Imperfect Information)