高级国际金融学教程习题答案ch1ans文档.pdfVIP

Foundations of International Macroeconomics1 Workbook2 Maurice Obstfeld, Kenneth Rogoff, and Gita Gopinath Chapter 1 Solutions 1. (a) The intertemporal budget constraint can be expressed as C = (1 + r) (Y − C ) + Y . 2 1 1 2 Substitute this expression for C into lifetime utility U (C , C ) to obtain 2 1 2