When Xt is strictly exogenous, the following estimator(s) of dynamic causal effects are available:
A) estimating an ADL model and calculating the dynamic multipliers from the estimated ADL coefficients
B) using GLS to estimate the coefficients of the distributed lag model
C) neither (a) or (b)
D) (a) and (b)
Answer: D
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A nation with an official settlements balance of $50 billion is likely to experience a:
A) balance of payments surplus and accumulate $50 billion in international reserves B) balance of payments deficit and accumulate $50 billion in international reserves C) balance of payments surplus and a decline of $50 billion in international reserves D) balance of payments deficit and a decline of $50 billion in international reserves
Which of the following would not appear on the asset side of a commercial bank balance sheet?
a. Reserves. b. Checkable deposits. c. Loans. d. Securities.