Explain the concept of intergenerational equity in the context of intertemporal budget constraints.

Nov 24, 2024 ... My hot take is that this isn't a trivial intertemporal budget constraint. It's an optimal stopping problem: cakes have evolving texture and ... More recently, several different researchers have devised and implemented tests of the intertemporal budget constraint in a variety of different contexts. • Intertemporal budget constraint. – implications of rolling over the period-by-period constraint. • Deficits and debt sustainability. – how much government ... Bt+1 = (1 + r) Bt + Gt. Tt. (1) where B is the stock of bonds issued by the government (that is B is the stock of real debt - which is an asset in the hand ... Jun 22, 2024 ... This paper extends previous tests of intertemporal budget balance and present value relationships by expanding the set of allowable deficit processes. If, for example, the current stock of debt is zero, then the intertemporal budget constraint says that the discounted present value of future primary surpluses ... intertemporal budget constraint proceeds as in the proof of Proposition 1. Moreover, we can again show that the hypothesized plan for each unit satisfies ... Apr 22, 2023 ... The intertemporal budget constraint is written as: ctoday +(cfutare /1+R)=ftoday +ytoday +(yfoture /1+R).ctoday +ytodey =(csture /1+R)+(yfuture ... It does not address budget constraints: an impulse to demand from government spending comes out of thin air, rather than being offset by taxation or a cut. 1 ... Download scientific diagram | 1: Intertemporal budget constraint and selection of the retirement age a. High-income earner b.