Lecture

Global Model: Consumption and Prices

In course

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Description

This lecture discusses a global model with two countries and two states, focusing on consumption, prices, and market clearing. It covers utility functions, optimality conditions, risk aversion, and international consumption correlations. The lecture also explores the concept of actuarially fair prices and the implications for consumption equilibria.

Instructor

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Official source

https://mediaspace.epfl.ch/media/0_4vv1tctn

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