Macroeconomics_5th_By_Olivier_Blanchard_课后答案解析文献.doc

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1、191ANSWERSTOEND-OF-CHAPTERPROBLEMSCHAPTER1QuickCheck1.a.True.b.True.c.False.d.False/uncertain.Therateofgrowthwashigherduringthedecadebeginningin1996thanduringtheprevioustwodecades,butitisprobablyunrealistictoexpectproductivitytocontinuetogrowatsuchafastpace.e.False.Thereareprobl

2、emswiththestatistics,buttheconsensusisthatgrowthinChinahasbeenhigh.f.False.TheEuropean“unemploymentmiracle”referstotherelativelylowEuropeanunemploymentrateinthe1960sandtheearly1970s.g.True.h.True.2.a.Moreflexiblelabormarketinstitutionsmayleadtolowerunemployment,buttherearequesti

3、onsabouthowpreciselytorestructuretheseinstitutions.TheUnitedKingdomhasrestructureditslabormarketinstitutionstoresemblemorecloselyU.S.institutionsandnowhasalowerunemploymentratethanbeforetherestructuring.Ontheotherhand,DenmarkandtheNetherlandshaverelativelylowunemploymentrateswhi

4、lemaintainingrelativelygeneroussocialinsuranceprogramsforworkers.Inaddition,someeconomistsarguethattightmonetarypolicyhasatleastsomethingtodowiththehighunemploymentratesinEurope.b.AlthoughtheEurowillremoveobstaclestofreetradebetweenEuropeancountries,eachcountrywillbeforcedtogive

5、upitsownmonetarypolicy.DigDeeper3.a.TheChinesegovernmenthasencouragedforeignfirmstoproduceinChina.SinceforeignfirmsaretypicallymoreproductivethanChinesefirms,thepresenceofforeignfirmshasleadtoanincreaseinChineseproductivity.TheChinesegovernmenthasalsoencouragedjointventuresbetwe

6、enforeignandChinesefirms.ThesejointventuresallowChinesefirmstolearnfrommoreproductiveforeignfirms.b.TherecentincreaseinU.S.productivitygrowthhasbeenaresultofthedevelopmentandwidespreaduseofinformationtechnologies.c.TheUnitedStatesisatechnologicalleader.MuchofU.S.productivitygrow

7、thisrelatedtothedevelopmentofnewtechnologies.Chinaisinvolvedintechnologicalcatch-up.MuchofChineseproductivitygrowthisrelatedtoadoptingexistingtechnologiesdevelopedabroad.d.It’snotcleartowhatextentChinaprovidesamodelforotherdevelopingcountries.Highinvestmentseemsagoodstrategyforc

8、ountrieswithlittlecapital,andencouragingforeign