An Overview of Micro-Founded Macro Models

Author: Robert M. Townsend
Book: Financial Systems in Developing Economies: Growth, Inequality and Policy Evaluation in Thailand

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3:17 mins. This video interview with MIT economics professor Robert M. Townsend speaks to the use of micro-founded macro models and their use in development. Townsend discusses the process by which such models can be used as a conceptual foundation for quantifying the welfare gains from policy interventions.

Tags

data, economics, and models

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