MIT 14.772 Development Economics: Macroeconomics, Spring 2013 - 8. Macro Approaches to Consumption Smoothing and Risk Sharing

MIT 14.772 Development Economics: Macroeconomics, Spring 2013 View the complete course: http://ocw.mit.edu/14-772S13 Instructor: Robert Townsend This lecture continues the topic of consumption smoothing. Chapters 0:00:00 Title slates 0:00:27 Lecture introduction 0:06:20 Summary of difficulties in consumption smoothing literature 0:09:28 Explanation of risk-sharing model 0:26:45 Classic lifecycle picture 0:29:43 Permanent income hypothesis License: Creative Commons BY-NC-SA More information at http://ocw.mit.edu/terms More courses at http://ocw.mit.edu