In economics and finance, an intertemporal budget constraint is a constraint faced by a decision maker who is making choices for both the present and...

In economics, a budget constraint represents all the combinations of goods and services that a consumer may purchase given current prices within their...

(1+r)Y(t)+Y(t+1)} Choice modelling Decision theory Discount function Discounted utility Intertemporal budget constraint Keynes–Ramsey rule Temporal discounting v t e...

company (or corporation) Interstate Bakeries Corporation Intertemporal budget constraint, a budgeting term Indiana Bible College, USA International Bahá'í...

respect to the amounts xt consumed in each period, subject to an intertemporal budget constraint that says that the present value of current and future expenditures...

initial wealth. Decision theory Intertemporal budget constraint Intertemporal capital asset pricing model Intertemporal choice Investment strategy Modern...

Bellman equation is Robert C. Merton's seminal 1973 article on the intertemporal capital asset pricing model. (See also Merton's portfolio problem)....

sales tax. Like budget incidence, differential incidence can be studied in a closed model in which the government budget constraint is always satisfied...

competitive consumers optimize homothetic utility functions subject to a budget constraint, the ratios of goods demanded by consumers will depend only on relative...

view can be found in consumption theory, which views the Fisherian intertemporal choice framework as the real structure of the consumption function....

and for understanding business cycle fluctuations. It also controls intertemporal substitution responses to fluctuations of wage. Moreover, it determines...

use a graph of indifference curves, representing preferences, and a budget constraint, representing the trade-offs that the consumer is faced with. Another...

allocation Chance-constrained portfolio selection Hierarchical Risk Parity Intertemporal portfolio choice Financial risk management § Investment management List...

In particular, changes in the interest rate shift the Government's budget constraint, and the fiscal response to this shift affects households' disposable...

version of the paper was published in 1982 under the title "A test of the intertemporal asset pricing model". The authors found that a standard general equilibrium...

Deaton), Journal of Political Economy 106(5): 897–930, October 1998. "Intertemporal Choice and Inequality" (with Angus Deaton), Journal of Political Economy...

Furthermore, each sector and the economy as a whole must respect their budget constraint. No fund can come from (or end up) nowhere. The second component of...

and commodities Capital asset pricing model Consumption-based CAPM Intertemporal CAPM Single-index model Multiple factor models Fama–French three-factor...

function and demand equilibrium that results as to the consumer's budget constraint. That hypothesis drives the theoretical outcome of a price change...

The budget set is bounded above by the budget line. Graphically speaking, all the consumption bundles that lie inside and on the budget constraint form...

of interest consistent with intertemporal equilibrium also implies a constant price level. Hayek posited that intertemporal equilibrium requires not a...

Pdf. Alogoskoufis, George S. (June 1987). "Aggregate employment and intertemporal substitution in the UK". The Economic Journal. 97 (386): 403–415. doi:10...

theory is most appropriately set forth in terms of microeconomics and intertemporal general equilibrium models. The critics, such as Pierangelo Garegnani...

PMID 15702961. Weber, E.U.; et al. (2007). "Asymmetric discounting in intertemporal choice: a query theory account". Psychological Science. 18 (6): 516–523...

Robert C. Merton used dynamic programming in his 1973 article on the intertemporal capital asset pricing model. (See also Merton's portfolio problem)....

impacting imports and exports such as tariff rates. In the standard intertemporal model of international finance (Obstfeld and Rogoff, 1995) the capital...

economics § Uncertainty Financial risk management § Investment management Intertemporal portfolio choice Investment theory Kelly criterion Marginal conditional...

Journal of Political Economy (1953): 461-488. in JSTOR Michael Gavin, "Intertemporal dimensions of international economic adjustment: evidence from the Franco-Prussian...

Academy of Engineering, National Academy Press, 1991. "International and Intertemporal Comparison of Productive Efficiency: An Application of the Meta-Production...

Borrowing Constraints on Educational Attainment, (with Kenneth Wolpin), International Economic Review, 42:4, (2001), 1051–103. Intertemporal Labor Supply...