Lecture XVI: The Real Business Cycle Model Part I

[@oscarernst]

Hey, first of all I really enjoy your videos. But on slide 34, when you take the derivative w.r.t. m_t+1, you just write out -1/c_t, but I believe it should be -1/c_t * (1+\pi) since we got -(1+\pi}m_t+1 in the budget constraint?