BSE3703 Econometrics for Business I Research Paper, NUS, Singapore Consider the standard OLG model of money Individuals are endowed with y units of the endowment good when young and nothing when old
1. Consider the standard OLG model of money. Individuals are endowed with y units of the endowment good when young and nothing when old. Assume that people face a lump�sum tax of τ goods when old and a rate of…
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