Why might constrained consumers exhibit more volatile consumption patterns?

Sep 29, 2020 ... Abstract. This paper uses the intertemporal government budget constraint model, linear logarithmic functions (for better regression results) ... how is the deficit financed? • bond sales to the private sector or the central bank (money creation). • government inter-temporal ... Mar 2, 2017 ... • Intertemporal choice. • Three periods, = 0, = 1, and = 2 ... • Anticipated budget constraint at = 1: 1. +. 1. 1 +. 2 ... ... intertemporal budget constraint of the consolidated government sector (central bank and governments). This is the consequence of the constraint being a ... in part due to interviewing methods that check the inter-temporal consistency of responses, ... intertemporal budget constraint of households and asked ... If we partition the inter-temporal budget constraint between the current generation ... to extend the intertemporal budget constraint in equation (6a) into an. Aug 20, 2019 ... Consumption, Saving, and the Intertemporal Budget Constraint ... Unless otherwise noted, content on this site is licensed under the Creative ... The intertemporal budget constraint? Below are 3 quotes from our book. The slope of the budget constraint is determined by the relative price of the two goods, ... Nov 9, 2017 ... Finally, the paper claims that fiscal policies that aim at being consistent with an intertemporal budget constraint are likely to destabilize ... 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 ...