How do researchers attempt to measure individuals' intertemporal preferences and expectations?

2. Consumer's choices are subject to an intertemporal budget constraint-a measure of the total resources available for present and future consumption. Given the ... If the consumer faces an intertemporal budget constraint. C1 + β C2 = constant, where β = 1/(1 + interest rate) is the period-1 equivalent of a dollar in ... ... 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 ... +. +. +. , and so on – are discount factors. 116. We will refer to this last expression as the intertemporal government budget constraint, which is an infinite- ... ... Intertemporal Budget Constraint (GIBC). Now let's suppose that the only kind of expenditures the government engages in are transfers, so that Xt simply ... 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 ... The intertemporal budget constraint of the central bank in equation (5) becomes: PV (d) ≤ at pt(r + π + δ). − vt + ctL π + g r − g. (6) under the following ... Download scientific diagram | 1: Intertemporal budget constraint and selection of the retirement age a. High-income earner b. "Are stationarity and cointegration restrictions really necessary for the intertemporal budget constraint?," Journal of Monetary Economics, Elsevier, vol. 54(7) ... Keywords: current account deficits, sustainability, intertemporal budget constraint ... sustainability of the intertemporal budget constraint: – when there is no ...