How can economic models and research on intertemporal choice be made more accessible and relevant for policy debates on issues like retirement security, climate change, and government debt?

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 ... The level of consumption will be determined by the intertemporal budget constraint (7). • The population growth rate n does not enter into these expressions. Nov 6, 2016 ... Share your videos with friends, family, and the world. 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 ... The intertemporal budget constraint proves to be satisfied if either the debt series or the revenue and with-interest spending series are integrated of ... An intertemporal budget constraint is a graphical representation of an individual's trade-off between present and future consumption. It shows the combinations ... The government's intertemporal budget constraint requires that the present value of current and future taxes must be sufficient to cover the present value of ... It establishes the link which exists between the prevailing level of government indebtedness and the future debt servicing requirements. Jul 25, 2007 ... ... constraint' and ... The author does so by analysing separately the intertemporal budget constraints of the central bank and the Treasury. 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 ...