MIT 14.772 Development Economics: Macroeconomics, Spring 2013 View the complete course: http://ocw.mit.edu/14-772S13 Instructor: Robert Townsend In this lecture, Prof. Townsend reviews the research about dynamic financial constraints. Chapters 0:00:00 Title slates 0:00:27 Overview of literature on financial constraints 0:05:55 Different potential regimes 0:07:05 Estimation techniques for determining which regime is the best fit 0:09:30 Main findings and discussion of data requirements 1:08:50 Importance of financial regime for welfare outcomes License: Creative Commons BY-NC-SA More information at http://ocw.mit.edu/terms More courses at http://ocw.mit.edu/