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. Robert Townsend explains growth, TFP, domestic and international capital flows with other frictions in financial intermediation. Chapters 0:00:00 Title slates 0:00:26 Overview of micro founded macro models 0:03:30 Introduction to Greenwood, Sanchez, and Wang (2013) 0:08:33 Financial theory of firm size 0:22:22 Introduction to Martin and Taddai (2012) 0:33:35 Introduction to Moll, Townsend, and Zhorin (2013) 0:36:03 Preview of results for Moll, Townsend, and Zhorin 1:21:52 Conclusion License: Creative Commons BY-NC-SA More information at http://ocw.mit.edu/terms More courses at http://ocw.mit.edu/