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Question 2 Ramsey (20 points) A. {10 points] Do you think that the Ramsey equation is an appropriate methodology for developing a consumption (129., household]
Question 2 Ramsey (20 points) A. {10 points] Do you think that the "Ramsey equation\" is an appropriate methodology for developing a consumption (129., household] discount rate when dealing with long term environmental problems such as climate change? {10 points] In your view, what is the appropriate consumption discount rate that should be used when assessing policies that deal with the issue of climate change {you must give a specific number}? Assume g = 1.3%. Explain and giveljustify the values you use for rho and eta
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