What are the computational challenges of solving complex models with heterogeneous agents? How can the concept of the intertemporal budget constraint be applied to understand the behavior of firms?

Write out the intertemporal budget constraint. 2. Solve for an equation linking her preferred C0 and C1. 3. Use the result from 2 and the budget constraint ... Nov 2, 2020 ... ... intertemporal budget constraint. The fiscal options open to the State can only be understood if we have a clear understanding of the IBC of ... The intertemporal budget constraint is based on the assumption that income and interest rates are ... A. determined by the consumer. B. determined by the gov't The intertemporal budget constraint is a concept in behavioral economics that describes the trade-offs individuals face when making consumption and savings ... Sep 3, 2019 ... ... budget constraint is always binding ⇒ the consumer spends all his life-time income. 6 / 37. Page 7. Budget constraint. • To plot the budget ... Sep 29, 2020 ... Abstract. This paper uses the intertemporal government budget constraint model, linear logarithmic functions (for better regression results) ... Indeed, given the accounting equation (9.6), the consumption plan of the household will satisfy the intertemporal budget constraint (9.20) if and only if it ... US monthly data, for the period 1951-1984, are used to test a key element of the. Ricardian equivalence doctrine, namely the government's intertemporal budget. "Are stationarity and cointegration restrictions really necessary for the intertemporal budget constraint?," Journal of Monetary Economics, Elsevier, vol. 54(7) ... Jul 2, 2020 ... ... intertemporal budget constraint). But you cannot violate a resource constraint: you can only use up the goods and services that have ...