Alternative specifications of consumer intertemporal budget constraint and measures of wealth and saving

This note examines several alternative specifications of the consumer's intertemporal budget constraint and shows that while different specifications give the same first-order conditions, they produce different results with respect to measures of wealth and saving and hence consumption when interest is paid on money balances.

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Year of publication:	2000
Authors:	Kim, H. Youn
Published in:	Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 7.2000, 3, p. 203-205
Publisher:	Taylor & Francis Journals

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009202772