Libro de referencia:Macroeconomia Avanzada de David Romer y Foundation of international macroeconomics de Obstfeld y Rogoff

P2 The preferences between present consumption, c1, and future consumption, c2, of an individual are represented by the utility function: U(C1,C2) = (1 B)In(ci) + Bln(c2) In the first period the individual has an income of 1,000 um while in the second period an income of 1,500 u.m The interest rate saved in the economy is 20% and the interest rate accessed The debt is 50%. In addition, it is known that the consumer has a parameter of patience of 75% a. Develop the individual's budget constraint and graph it b. Find the Intertemporal Elasticity of Substitution. Explain your results C. Calculate the balance of the consumer and determine if he will be a saver or a debtor d. Finally, if a single interest rate of 40% is set, would the consumer be in a better position in terms of their well-being? P2 The preferences between present consumption, c1, and future consumption, c2, of an individual are represented by the utility function: U(C1,C2) = (1 B)In(ci) + Bln(c2) In the first period the individual has an income of 1,000 um while in the second period an income of 1,500 u.m The interest rate saved in the economy is 20% and the interest rate accessed The debt is 50%. In addition, it is known that the consumer has a parameter of patience of 75% a. Develop the individual's budget constraint and graph it b. Find the Intertemporal Elasticity of Substitution. Explain your results C. Calculate the balance of the consumer and determine if he will be a saver or a debtor d. Finally, if a single interest rate of 40% is set, would the consumer be in a better position in terms of their well-being