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I want to start with an article, which--
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mention an article by
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Backus, Kydland, and Kehoe--
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actually Backus, Kehoe, and Kydland,
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three economists.
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One of these, the last of the three, Finn Kydland,
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won the Nobel Prize a few years ago.
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In this article,
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they talked about the correlation of consumption around the world.
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What is consumption?
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It's the amount that people spend on consumption goods,
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things that you buy for your current use,