Uing 1344 and the choice of numeraire in 1345 set up the
Using (13.44) and the choice of numeraire in (13.45), set up the household maximization problem in the form of the current-value Hamiltonian (derive the budget constraint explicitly). Derive the consumption Euler equation (13.46).
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using 1344 and the choice of numeraire in 1345 set up the household maximization problem in the form of the
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