What are the implications of automation and artificial intelligence for future labor markets and income distribution?

... intertemporal budget constraint, has long been a concern. Download to read ... and C.E. Walsh, 1988, Common trends, the government budget constraint ... intertemporal budget constraint proceeds as in the proof of Proposition 1. Moreover, we can again show that the hypothesized plan for each unit satisfies ... 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 ... ... intertemporal budget constraint. It is argued that unit root or cointegration tests have low power in rejection unit root from near unit root alternatives ... The intertemporal budget constraint proves to be satisfied if either the debt series or the revenue and with-interest spending series are integrated of ... representative consumer has an intertemporal budget constraint where money can be borrowed or saved. – There is a time consistent solution that gives ... ... intertemporal budget constraint of the consolidated government sector (central bank and governments). This is the consequence of the constraint being a ... 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. 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 ... 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 ...