Since we are assuming the utility is of the natural log form, the marginal utility is
given by 1 . So the Euler equation will be some equivalent of c2 = ?(1 + R). In words c c1
you could say that the growth rate of consumption is proportional to the real interest rate, or that the present discounted value of consumption tomorrow must be equal to consumption today, discounted by ?, or something to this effect.
derrrr