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No, consider this Euler equation: frac{v'(l_t)}{exp(z_t)} = beta E_t left[frac{u'(d_{t+1)}}{v'(l_{t+1)}} + frac{1-delta}{exp(z_{t+1})} ight] and interpret it
No, consider this Euler equation: \frac{v'(l_t)}{exp(z_t)} = \beta E_t \left[\frac{u'(d_{t+1)}}{v'(l_{t+1)}} + \frac{1-\delta}{exp(z_{t+1})} ight] and interpret it
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Economics
Authors: John Sloman, Alison Wride
7th edition
978-027372130, 273721305, 978-0273721307
