lecture06

lecture06 -...

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Open Yale Courses ECON 251: Financial Theory Lecture 6 - Irving Fisher's Impatience Theory of Interest << previous session | next session >> Overview: Building on the general equilibrium setup solved in the last week, this lecture looks in depth at the relationships between productivity, patience, prices, allocations, and nominal and real interest rates. The solutions are given to three of Fisher's famous examples: What happens to interest rates when people become
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This note was uploaded on 02/08/2012 for the course ECON 251 taught by Professor Geanakoplos,john during the Fall '09 term at Yale.

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