Cerrar
What are the assumptions in the Irving Fisher Intertemporal choice?
What does the consumer intertemporal budget constraint represents in the Irving Fisher?
List all the notations used in the Irving Fisher and Intertemporal choice.
In which period is saving found in Irving?
Which period should we take into consideration when deriving the budget constraint?
Which equation should you start with when begining the derivation?
What do you understand by your equation cited above?
When derving you will finally come to this
C2/(1+r) + C1 = Y2/(1+r) + Y1
What does the left and right side of this equation represents respectively?
What should you explain in your diagram
What is the slope of the budget line in Irving?
Difference betwenn Keynes and Fisher?
What can you say about the timing of income in Fisher?
