What are the implications of an aging population for social security systems and healthcare costs?

... 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 ... Life is full of intertemporal choices: should I study for my test today or ... • Budget constraint in first period of life c1. + s = y1. + A. • Budget ... ... Intertemporal Budget Constraint (GIBC). Now let's suppose that the only kind of expenditures the government engages in are transfers, so that Xt simply ... More recently, several different researchers have devised and implemented tests of the intertemporal budget constraint in a variety of different contexts. "Are stationarity and cointegration restrictions really necessary for the intertemporal budget constraint?," Journal of Monetary Economics, Elsevier, vol. 54(7) ... ... intertemporal budget constraint of the consolidated government sector (central bank and governments). This is the consequence of the constraint being a ... The theoretical model of the intertemporal budget constraint suggests that when the rate of return rises, the quantity of saving may rise, fall, or remain ... Aug 20, 2019 ... Consumption, Saving, and the Intertemporal Budget Constraint ... Unless otherwise noted, content on this site is licensed under the Creative ... It establishes the link which exists between the prevailing level of government indebtedness and the future debt servicing requirements. ... intertemporal budget constraint, has long been a concern. Download to read ... and C.E. Walsh, 1988, Common trends, the government budget constraint ...