Explain the trade-off between current consumption and future increased consumption through saving.

Sep 13, 2018 ... price level in line with the intertemporal budget constraint (in real terms). In equilibrium, monetary and fiscal policies jointly ensure ... Aug 29, 2022 ... site logo Join Economics · OR · Illustration of upvote icon after it is clicked · Hang on, you can't upvote just yet. · Illustration of upvote ... The budget set and the budget line (09.03.2016); Optimal Choice. Tangency ... Intertemporal budget constraint. Effect of change in the interest rate on ... in part due to interviewing methods that check the inter-temporal consistency of responses, ... intertemporal budget constraint of households and asked ... Aug 26, 2009 ... intertemporal budget constraint and thus determine the dynamics of the debt ratio. ... data are constructed using the government intertemporal ... The intertemporal budget constraint proves to be satisfied if either the debt series or the revenue and with-interest spending series are integrated of ... to an intertemporal budget constraint. Whatever solution approach one employs — the calculus of variations, optimal control theory or dynamic programming ... Sep 29, 2020 ... Abstract. This paper uses the intertemporal government budget constraint model, linear logarithmic functions (for better regression results) ... combined with the intertemporal budget constraint, determine the optimal allocation of (c1,t,h1,t,c2,t+1,h2,t+1). 1.1.2 Tax on Capital Mimics Age-Dependent ... 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 ...