How do current account deficits and surpluses relate to intertemporal trade?

Apr 18, 2025 ... By applying an intertemporal constraint, the family can allocate funds towards immediate consumption (childcare, living expenses) while ... More recently, several different researchers have devised and implemented tests of the intertemporal budget constraint in a variety of different contexts. The level of consumption will be determined by the intertemporal budget constraint (7). • The population growth rate n does not enter into these expressions. May 3, 2011 ... Because of the government's intertemporal budget constraint, Gt will have to be compensated by taxes, either now or in the future, and the ... ... intertemporal budget constraint considered in a Bewley economy (with a single asset). We also show parameterizations of our model in which we can obtain a ... Nov 6, 2016 ... Share your videos with friends, family, and the world. Intertemporal budget constraint (IBC): The measure of the rate at which individuals can trade off consumption in one period for consumption in another period. 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 ... in part due to interviewing methods that check the inter-temporal consistency of responses, ... intertemporal budget constraint of households and asked ... Sep 13, 2018 ... price level in line with the intertemporal budget constraint (in real terms). In equilibrium, monetary and fiscal policies jointly ensure ...