What are the implications of current policies for the well-being of future generations?

... 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 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 basic idea of intertemporal choice of consumption is to understand how the consumer interacts with the capital market. II. INTERTEMPORAL BUDGET CONSTRAINT. 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 ... 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 ... 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 the ... Dec 7, 2015 ... Another central concept is the intertemporal budget constraint, according to which the present value of current and future government ... Aug 11, 2003 ... Choosing an investment plan is equivalent to choosing a sequence of capital installations {kt+1}. Intertemporal budget constraint. The sequence ... 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 and otherwise) budget constraints. Under weak assumptions, we prove this distorts several aspects of their consumption and production plans ...