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Tom's June 6 mid afternoon tweaks and corrections
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lectures/_static/quant-econ.bib

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@@ -7,7 +7,7 @@ @incollection{sargent1982ends
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title={The ends of four big inflations},
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author={Sargent, Thomas J},
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booktitle={Inflation: Causes and effects},
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editor = {Hall, Robert E}
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editor = {Hall, Robert E},
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pages={41--98},
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year={1982},
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publisher={University of Chicago Press}

lectures/about.md

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@@ -60,6 +60,7 @@ In particular, we sincerely thank and give credit to
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- [Aakash Gupta](https://github.com/AakashGfude)
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- [Shu Hu](https://github.com/shlff)
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- [Jiacheng Li](https://[email protected])
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- [Smit Lunagariya](https://github.com/Smit-create)
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- [Matthew McKay](https://github.com/mmcky)
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- [Maanasee Sharma](https://github.com/maanasee)

lectures/cons_smooth.md

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@@ -79,7 +79,7 @@ W = \sum_{t=0}^T \beta^t (g_1 c_t - \frac{g_2}{2} c_t^2 )
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where $g_1 > 0, g_2 > 0$.
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We shall see that when $\beta R = 1$ (a condition assumed by Milton Friedman and Robert Hall), this criterion assigns higher welfare to **smoother** consumption paths.
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We shall see that when $\beta R = 1$ (a condition assumed by Milton Friedman {cite}`Friedman1956` and Robert Hall {cite}`Hall1978`), this criterion assigns higher welfare to **smoother** consumption paths.
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Here we use default parameters $R = 1.05$, $g_1 = 1$, $g_2 = 1/2$, and $T = 65$.
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which says that the present value of the consumption stream equals the sum of finanical and non-financial wealth.
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Robert Hall (1978) showed that when $\beta R = 1$, a condition Milton Friedman had assumed,
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Robert Hall {cite}`Hall1978` showed that when $\beta R = 1$, a condition Milton Friedman had assumed,
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it is "optimal" for a consumer to **smooth consumption** by setting
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$$

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