Lecture 1: Finance, Growth, and Volatility

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Description: Prof. Townsend introduces the course to the students, explains the syllabus, and covers the topics of finance, growth, and volatility.

Instructor: Prof. Robert M. Townsend

Video Index

  • Introduction to lecture: the links between finance, growth, and volatility
  • Finance and growth
  • Bridging the gap between empirics and theory
  • Volatility and growth
  • Finance and volatility
  • Current policy discussion
  • Alternative policy algorithm
  • Risk-sharing in village India and more generally
  • Zooming in, zooming out (i.e., regions/villages as small open economies)
  • Description of the Townsend Thai Data
  • General equilibrium development approach
  • Measurement; Introduction to Flow of Funds
  • Example of how to use models for policy purposes

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