Discuss the challenges of coordinating macroeconomic policies to address global imbalances. How does the concept of time inconsistency relate to the intertemporal budget constraint?

Dec 30, 1991 ... ... intertemporal budget constraints, but nevertheless satisfy the nation's budget constraint. In most cases this has occurred because changes ... Nov 6, 2016 ... Share your videos with friends, family, and the world. how is the deficit financed? • bond sales to the private sector or the central bank (money creation). • government inter-temporal ... Nov 2, 2020 ... ... intertemporal budget constraint. The fiscal options open to the State can only be understood if we have a clear understanding of the IBC of ... ... Intertemporal Budget Constraint (GIBC). Now let's suppose that the only kind of expenditures the government engages in are transfers, so that Xt simply ... intertemporal budget constraint proceeds as in the proof of Proposition 1. Moreover, we can again show that the hypothesized plan for each unit satisfies ... It establishes the link which exists between the prevailing level of government indebtedness and the future debt servicing requirements. Intertemporal budget constraint (IBC): The measure of the rate at which individuals can trade off consumption in one period for consumption in another period. Sep 28, 2020 ... The inter-temporal budget constraints model was used to examine the various fiscal reaction functions, debt dynamics and fiscal policy ... Sep 29, 2020 ... Abstract. This paper uses the intertemporal government budget constraint model, linear logarithmic functions (for better regression results) ...