RDP 9512: Consumption, Investment and International Linkages
Equation (3)
max
{
c
t
}
E
[
∑
t
=
0
T
−
1
(
1
+
θ
)
−
t
U
(
C
t
)
|
0
]
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaWaaCbeaeaaci GGTbGaaiyyaiaacIhaaSqaamaacmaabaGaam4yamaaBaaameaacaWG 0baabeaaaSGaay5Eaiaaw2haaaqabaGccaaMc8Uaamyramaadmaaba WaaabCaeaadaqadaqaaiaaigdacqGHRaWkcqaH4oqCaiaawIcacaGL PaaadaahaaWcbeqaaiabgkHiTiaadshaaaGccaWGvbWaaqGaaeaada qadaqaaiaadoeadaWgaaWcbaGaamiDaaqabaaakiaawIcacaGLPaaa aiaawIa7aiaaicdaaSqaaiaadshacqGH9aqpcaaIWaaabaGaamivai abgkHiTiaaigdaa0GaeyyeIuoaaOGaay5waiaaw2faaaaa@56C7@