Chapter 12 – Financial Frictions and Aggregate Instability

• Exercise 12.1 (Transversality Condition In Collateral-Constrained Economies)
• Exercise 12.2 (Self-Fulfilling Financial Crises In A Two-Period Economy)
• Exercise 12.3 (Collateral Constraints and Impatient Consumers)
• Exercise 12.4 (Financial Amplification)
• Exercise 12.5 (A Two-Period Economy with a Flow Collateral Constraint)
• Exercise 12.6 (Overborrowing in a Two-Period Economy)
• Exercise 12.7 (Flow Collateral Constraints and Multiple Equilibria in a Calibrated Economy)
• Exercise 12.8 (A Stochastic Economy With A Unique Equilibrium)
• Exercise 12.9 (Time Unit and Equilibrium Indeterminacy)
• Exercise 12.10 (Optimality of a Constant Tax on Nontradable Consumption)
• Exercise 12.11 (Optimality of a Constant Tax on Tradable Consumption)