Question
Consider the intertemporal consumption savings choice of the household. What is the difference between the PE and GE implications of our analysis (can use equations)?
Consider the intertemporal consumption savings choice of the household. What is the difference between the PE and GE implications of our analysis (can use equations)? Hint: First explain the difference between PE and GE in your answer. This will shed light on the main difference.
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Economics
Authors: R. Glenn Hubbard
6th edition
978-0134797731, 134797736, 978-0134106243
