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货币经济代写-ECON3200
时间：2022-06-20
Institute for Teaching and Learning Innovation (ITaLI) | Last updated: 13 May 2021 1
Exam information
Course code and
title
ECON3200
Monetary Economics
Semester Semester 1, 2021
Exam type Online, non-invigilated, final examination
Exam technology Blackboard Test
Exam date and
time
Refer to your personal exam timetable for the scheduled date and time of this
exam. Your examination will begin at the time specified in your personal
examination timetable. If commence your examination after this time, the end for
your examination does not change. For example, if your examination is schedule for
10am with an end time of 11:40am, even if you commence at 10:30am your end
time is still 11:40am.
The total time for your examination from the scheduled starting time will be:
2 hours 10 minutes including 10 minutes reading time.
A 15-minute submission period is available for submitting your examination. If your
examination is submitted after this period late penalties will be applied unless you
can demonstrate that there were problems with the system and/or process that
were beyond your control.
Exam window
You must commence your exam at the time listed in your personalised timetable.
You have from the start date/time to the end date/time listed in which you must
complete your exam.
Permitted
materials This is an open book exam – all course materials are permitted.
Recommended
materials
Ensure the following materials are available during the exam:
Calculators; bilingual dictionary; phone/camera/scanner
Instructions
You need to answer all of the questions in the Blackboard Test.
You are required to type your response.
Who to contact
Given the nature of this examination, responding to student queries and/or relaying
corrections to exam content during the exam may not be feasible.
At the end of the exam there will be a free text box field. Please use this to specify
any assumptions you have made in completing the exam and which questions
those assumptions relate to. You may also include queries you may have made
with respect to a particular question, should you have been able to ‘raise your hand’
in an examination room.
Institute for Teaching and Learning Innovation (ITaLI) | Last updated: 13 May 2021 2
If you experience any interruptions to your examination, please collect evidence of
the interruption (e.g. photographs, screenshots or emails).
If you experience any issues during the examination, contact the Library AskUs
service for advice as soon as practicable:
Chat: support.my.uq.edu.au/app/chat/chat_launch_lib
Phone: +61 7 3506 2615
Email: examsupport@library.uq.edu.au
You should also ask for an email documenting the advice provided so you can
provide this to the course coordinator immediately at: b.dominguez@uq.edu.au
Important exam
condition
information
Academic integrity is a core value of the UQ community and as such the highest
standards of academic integrity apply to all examinations, whether undertaken in-
person or online.
This means:
You are permitted to refer to the allowed resources for this exam, but you
cannot cut-and-paste material other than your own work as answers.
You are not permitted to consult any other person – whether directly,
online, or through any other means – about any aspect of this examination
during the period that it is available.
If it is found that you have given or sought outside assistance with this
examination, then that will be deemed to be cheating.
If you submit your online exam after the end of your specified reading time,
duration, and 15 minutes submission time, the following penalties will be applied to
the total mark available for the assessment:
Less than 5 minutes – 5% penalty
From 5 minutes to less than 15 minutes – 20% penalty
More than 15 minutes – 100% penalty
These penalties will be applied to all online exams unless there is sufficient
evidence of problems with the system and/or process that were beyond your
control.
Undertaking this online exam deems your commitment to UQ’s academic integrity
pledge as summarised in the following declaration:
“I certify that I have completed this examination in an honest, fair and trustworthy
manner, that my submitted answers are entirely my own work, and that I have
neither given nor received any unauthorised assistance on this examination”.
13/05/2021 Preview Test: ECON3200 Semester One Final Examination 2021 &...
https://learn.uq.edu.au/webapps/assessment/take/launch.jsp?course_assessment_id=_221846_1&course_id=_147857_1&content_id=_6599599_1&step=null 1/8
Preview Test: ECON3200 Semester One Final Examination 2021
Test Information
Description
Instructions
Multiple
Attempts
This test allows multiple attempts.
Force
Completion
This test can be saved and resumed later.
Your answers are saved automatically.
The exam consists of a statement of integrity (Q1), a box for recording any disruptions
(Q2), 4 true/false and explain questions (Q3-Q6), 2 long-answer questions (Q7-Q8) and
assumption question (Q9).
Please use 3 decimals in your calculations.
Total marks: 40
The exam duration is 2 hours plus 10 mins for reading time, and 15 minutes to upload
answers.
ANSWER ALL QUESTIONS.
Calculators are allowed.
The timer will continue running if you leave the test.
13/05/2021 Preview Test: ECON3200 Semester One Final Examination 2021 &...
https://learn.uq.edu.au/webapps/assessment/take/launch.jsp?course_assessment_id=_221846_1&course_id=_147857_1&content_id=_6599599_1&step=null 2/8
For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac).
QUESTION 1
As a UQ student, I acknowledge that academic integrity is a core
value of the University of Queensland community. As a student in
this community I promise to complete my online exam, with
academic integrity in mind, to be fair to my peers, show respect for
my lectures/tutors, and uphold the reputation of the University. I
will not give in to persuasive cheating messages or pursue
unauthorised help. I acknowledge that I am responsible for the
consequences of choices. I am committed to sustaining an
environment of honest and mutual trust, in which I can represent
my own knowledge, skills and capabilities.
0 points Save Answer
For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac).
QUESTION 2
In case of disruptions (technical or other) you need to contact at once
the course coordinator by email (b.dominguez@uq.edu.au) to
describe the problem. Please also record the disruption in the answer
box below. Be precise and provide the exact time of the issue, the
nature of the issue and the time the problem was resolved. Any
record that has not been conrmed to the course coordinator is
invalid.
0 points Save Answer
13/05/2021 Preview Test: ECON3200 Semester One Final Examination 2021 &...
https://learn.uq.edu.au/webapps/assessment/take/launch.jsp?course_assessment_id=_221846_1&course_id=_147857_1&content_id=_6599599_1&step=null 3/8
For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac).
QUESTION 3
True/False and Explain. Evaluate whether the following statement is
true or false and explain why.
Empirical Evidence. The graph below which shows the response to
an expansionary monetary shock over time is consistent with the
short-run empirical evidence on money. Note that the x-axis depicts
time (in quarters) and the y-axis shows the variables (in percentage
deviation from steady state).
5 points Save Answer
For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac).
QUESTION 4
True/False and Explain. Evaluate whether the following statement is
true or false and explain why.
NK economy. Monetary policy is non-neutral in the New Keynesian
Economy for all κ ≥ 0, where κ is the degree of nominal rigidity.
5 points Save Answer
13/05/2021 Preview Test: ECON3200 Semester One Final Examination 2021 &...
https://learn.uq.edu.au/webapps/assessment/take/launch.jsp?course_assessment_id=_221846_1&course_id=_147857_1&content_id=_6599599_1&step=null 4/8
For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac).
QUESTION 5
True/False and Explain. Evaluate whether the following statement is
true or false and explain why.
New Keynesian. In the basic New Keynesian model studied in class, if
the Central Bank implements a monetary policy rule like
, then it leads to self-fulfilling equilibria.
5 points Save Answer
For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac).
QUESTION 6
True/False and Explain. Evaluate whether the following statement is
true or false and explain why.
Time inconsistency. In our Barro and Gordon model, inflation that is
close to zero cannot be sustained by reputation. Among other solution
methods to the time inconsistency problem of monetary policy, delegation
is better than inflation targetting.
5 points Save Answer
13/05/2021 Preview Test: ECON3200 Semester One Final Examination 2021 &...
https://learn.uq.edu.au/webapps/assessment/take/launch.jsp?course_assessment_id=_221846_1&course_id=_147857_1&content_id=_6599599_1&step=null 5/8
For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac).
QUESTION 7
Rigidities. Figure 1 below shows a histogram of annual nominal wage
changes in Australia between 2000-2008 (black bars), along with its fitted
probability distribution (grey line).
What forms of nominal wage rigidities do you observe in that figure? And
under which conditions can they explain episodes of low inflation and
extended unemployment in the economy? Explain your answer.
10 points Save Answer
13/05/2021 Preview Test: ECON3200 Semester One Final Examination 2021 &...
https://learn.uq.edu.au/webapps/assessment/take/launch.jsp?course_assessment_id=_221846_1&course_id=_147857_1&content_id=_6599599_1&step=null 6/8
For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac).
QUESTION 8
Cost-Push Shock. Consider the New Keynesian model of a closed
economy as explained in class (same notation applies):
Let the economy be at steady state in period 0. Consider the following
unexpected positive cost push shock in period 1, and let all
other shocks be equal to 0. Then, by period the economy has
returned to its steady state. This means All
expectations coincide with true values, except at period 1 (as the
shock is unexpected). Consider the parameters
(a) Compute (6 marks)
(b) Discuss whether a central bank should respond more or less
strongly in an open economy in order to reduce ination. (4 marks)
10 points Save Answer
13/05/2021 Preview Test: ECON3200 Semester One Final Examination 2021 &...
https://learn.uq.edu.au/webapps/assessment/take/launch.jsp?course_assessment_id=_221846_1&course_id=_147857_1&content_id=_6599599_1&step=null 7/8
For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac).
QUESTION 9
Specify any assumptions you have made in completing the exam and
to which questions those assumptions relate. You may also include
queries you may have made with respect to a particular question,
should you have been able to ’raise your hand’ in an examination
room.
0 points Save Answer
Exam information
Course code and
title
ECON3200
Monetary Economics
Semester Semester 1, 2021
Exam type Online, non-invigilated, final examination
Exam technology Blackboard Test
Exam date and
time
Refer to your personal exam timetable for the scheduled date and time of this
exam. Your examination will begin at the time specified in your personal
examination timetable. If commence your examination after this time, the end for
your examination does not change. For example, if your examination is schedule for
10am with an end time of 11:40am, even if you commence at 10:30am your end
time is still 11:40am.
The total time for your examination from the scheduled starting time will be:
2 hours 10 minutes including 10 minutes reading time.
A 15-minute submission period is available for submitting your examination. If your
examination is submitted after this period late penalties will be applied unless you
can demonstrate that there were problems with the system and/or process that
were beyond your control.
Exam window
You must commence your exam at the time listed in your personalised timetable.
You have from the start date/time to the end date/time listed in which you must
complete your exam.
Permitted
materials This is an open book exam – all course materials are permitted.
Recommended
materials
Ensure the following materials are available during the exam:
Calculators; bilingual dictionary; phone/camera/scanner
Instructions
You need to answer all of the questions in the Blackboard Test.
You are required to type your response.
Who to contact
Given the nature of this examination, responding to student queries and/or relaying
corrections to exam content during the exam may not be feasible.
At the end of the exam there will be a free text box field. Please use this to specify
any assumptions you have made in completing the exam and which questions
those assumptions relate to. You may also include queries you may have made
with respect to a particular question, should you have been able to ‘raise your hand’
in an examination room.
Institute for Teaching and Learning Innovation (ITaLI) | Last updated: 13 May 2021 2
If you experience any interruptions to your examination, please collect evidence of
the interruption (e.g. photographs, screenshots or emails).
If you experience any issues during the examination, contact the Library AskUs
service for advice as soon as practicable:
Chat: support.my.uq.edu.au/app/chat/chat_launch_lib
Phone: +61 7 3506 2615
Email: examsupport@library.uq.edu.au
You should also ask for an email documenting the advice provided so you can
provide this to the course coordinator immediately at: b.dominguez@uq.edu.au
Important exam
condition
information
Academic integrity is a core value of the UQ community and as such the highest
standards of academic integrity apply to all examinations, whether undertaken in-
person or online.
This means:
You are permitted to refer to the allowed resources for this exam, but you
cannot cut-and-paste material other than your own work as answers.
You are not permitted to consult any other person – whether directly,
online, or through any other means – about any aspect of this examination
during the period that it is available.
If it is found that you have given or sought outside assistance with this
examination, then that will be deemed to be cheating.
If you submit your online exam after the end of your specified reading time,
duration, and 15 minutes submission time, the following penalties will be applied to
the total mark available for the assessment:
Less than 5 minutes – 5% penalty
From 5 minutes to less than 15 minutes – 20% penalty
More than 15 minutes – 100% penalty
These penalties will be applied to all online exams unless there is sufficient
evidence of problems with the system and/or process that were beyond your
control.
Undertaking this online exam deems your commitment to UQ’s academic integrity
pledge as summarised in the following declaration:
“I certify that I have completed this examination in an honest, fair and trustworthy
manner, that my submitted answers are entirely my own work, and that I have
neither given nor received any unauthorised assistance on this examination”.
13/05/2021 Preview Test: ECON3200 Semester One Final Examination 2021 &...
https://learn.uq.edu.au/webapps/assessment/take/launch.jsp?course_assessment_id=_221846_1&course_id=_147857_1&content_id=_6599599_1&step=null 1/8
Preview Test: ECON3200 Semester One Final Examination 2021
Test Information
Description
Instructions
Multiple
Attempts
This test allows multiple attempts.
Force
Completion
This test can be saved and resumed later.
Your answers are saved automatically.
The exam consists of a statement of integrity (Q1), a box for recording any disruptions
(Q2), 4 true/false and explain questions (Q3-Q6), 2 long-answer questions (Q7-Q8) and
assumption question (Q9).
Please use 3 decimals in your calculations.
Total marks: 40
The exam duration is 2 hours plus 10 mins for reading time, and 15 minutes to upload
answers.
ANSWER ALL QUESTIONS.
Calculators are allowed.
The timer will continue running if you leave the test.
13/05/2021 Preview Test: ECON3200 Semester One Final Examination 2021 &...
https://learn.uq.edu.au/webapps/assessment/take/launch.jsp?course_assessment_id=_221846_1&course_id=_147857_1&content_id=_6599599_1&step=null 2/8
For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac).
QUESTION 1
As a UQ student, I acknowledge that academic integrity is a core
value of the University of Queensland community. As a student in
this community I promise to complete my online exam, with
academic integrity in mind, to be fair to my peers, show respect for
my lectures/tutors, and uphold the reputation of the University. I
will not give in to persuasive cheating messages or pursue
unauthorised help. I acknowledge that I am responsible for the
consequences of choices. I am committed to sustaining an
environment of honest and mutual trust, in which I can represent
my own knowledge, skills and capabilities.
0 points Save Answer
For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac).
QUESTION 2
In case of disruptions (technical or other) you need to contact at once
the course coordinator by email (b.dominguez@uq.edu.au) to
describe the problem. Please also record the disruption in the answer
box below. Be precise and provide the exact time of the issue, the
nature of the issue and the time the problem was resolved. Any
record that has not been conrmed to the course coordinator is
invalid.
0 points Save Answer
13/05/2021 Preview Test: ECON3200 Semester One Final Examination 2021 &...
https://learn.uq.edu.au/webapps/assessment/take/launch.jsp?course_assessment_id=_221846_1&course_id=_147857_1&content_id=_6599599_1&step=null 3/8
For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac).
QUESTION 3
True/False and Explain. Evaluate whether the following statement is
true or false and explain why.
Empirical Evidence. The graph below which shows the response to
an expansionary monetary shock over time is consistent with the
short-run empirical evidence on money. Note that the x-axis depicts
time (in quarters) and the y-axis shows the variables (in percentage
deviation from steady state).
5 points Save Answer
For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac).
QUESTION 4
True/False and Explain. Evaluate whether the following statement is
true or false and explain why.
NK economy. Monetary policy is non-neutral in the New Keynesian
Economy for all κ ≥ 0, where κ is the degree of nominal rigidity.
5 points Save Answer
13/05/2021 Preview Test: ECON3200 Semester One Final Examination 2021 &...
https://learn.uq.edu.au/webapps/assessment/take/launch.jsp?course_assessment_id=_221846_1&course_id=_147857_1&content_id=_6599599_1&step=null 4/8
For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac).
QUESTION 5
True/False and Explain. Evaluate whether the following statement is
true or false and explain why.
New Keynesian. In the basic New Keynesian model studied in class, if
the Central Bank implements a monetary policy rule like
, then it leads to self-fulfilling equilibria.
5 points Save Answer
For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac).
QUESTION 6
True/False and Explain. Evaluate whether the following statement is
true or false and explain why.
Time inconsistency. In our Barro and Gordon model, inflation that is
close to zero cannot be sustained by reputation. Among other solution
methods to the time inconsistency problem of monetary policy, delegation
is better than inflation targetting.
5 points Save Answer
13/05/2021 Preview Test: ECON3200 Semester One Final Examination 2021 &...
https://learn.uq.edu.au/webapps/assessment/take/launch.jsp?course_assessment_id=_221846_1&course_id=_147857_1&content_id=_6599599_1&step=null 5/8
For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac).
QUESTION 7
Rigidities. Figure 1 below shows a histogram of annual nominal wage
changes in Australia between 2000-2008 (black bars), along with its fitted
probability distribution (grey line).
What forms of nominal wage rigidities do you observe in that figure? And
under which conditions can they explain episodes of low inflation and
extended unemployment in the economy? Explain your answer.
10 points Save Answer
13/05/2021 Preview Test: ECON3200 Semester One Final Examination 2021 &...
https://learn.uq.edu.au/webapps/assessment/take/launch.jsp?course_assessment_id=_221846_1&course_id=_147857_1&content_id=_6599599_1&step=null 6/8
For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac).
QUESTION 8
Cost-Push Shock. Consider the New Keynesian model of a closed
economy as explained in class (same notation applies):
Let the economy be at steady state in period 0. Consider the following
unexpected positive cost push shock in period 1, and let all
other shocks be equal to 0. Then, by period the economy has
returned to its steady state. This means All
expectations coincide with true values, except at period 1 (as the
shock is unexpected). Consider the parameters
(a) Compute (6 marks)
(b) Discuss whether a central bank should respond more or less
strongly in an open economy in order to reduce ination. (4 marks)
10 points Save Answer
13/05/2021 Preview Test: ECON3200 Semester One Final Examination 2021 &...
https://learn.uq.edu.au/webapps/assessment/take/launch.jsp?course_assessment_id=_221846_1&course_id=_147857_1&content_id=_6599599_1&step=null 7/8
For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac).
QUESTION 9
Specify any assumptions you have made in completing the exam and
to which questions those assumptions relate. You may also include
queries you may have made with respect to a particular question,
should you have been able to ’raise your hand’ in an examination
room.
0 points Save Answer
