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RDP 2000-09: Consumption and Wealth
Equation
c
t
=
φ
(
r
w
t
+
y
t
+
∑
j
=
1
∞
(
1
+
r
)
−
j
E
t
Δ
y
t
+
j
)
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaam4yamaaBa aaleaacaWG0baabeaakiabg2da9iabeA8aQnaabmaabaGaamOCaiaa dEhadaWgaaWcbaGaamiDaaqabaGccqGHRaWkcaWG5bWaaSbaaSqaai aadshaaeqaaOGaey4kaSYaaabmaeaadaqadaqaaiaaigdacqGHRaWk caWGYbaacaGLOaGaayzkaaWaaWbaaSqabeaacqGHsislcaWGQbaaaO GaamyramaaBaaaleaacaWG0baabeaakiabfs5aejaadMhadaWgaaWc baGaamiDaiabgUcaRiaadQgaaeqaaaqaaiaadQgacqGH9aqpcaaIXa aabaGaeyOhIukaniabggHiLdaakiaawIcacaGLPaaaaaa@5711@