non-linear government budget constraint. We find that, while in general not very important, the non-linearity that arises … from the budget constraint makes a difference after 1980, when the response of fiscal variables to the level of the debt …

Multi-product newsboy problem (MPNP) with budget constraint is a classical inventory control/management problem … analyzing properties of the optimal solution to the MPNP with a budget constraint, we develop a solution algorithm for the …

problems of displacement and deadweight. It also examines the roles of the government budget constraint and of the level of …

constraint must hold identically, that is for all admissible values of the variables entering the budget constraint. Accordingly … ensure the budget constraint is satisfied. If the government overdetermines its fiscal-financial-monetary policy programme …The Fiscal Theory of the Price Level (FTPL) rejects the fundamental 'Ricardian' proposition, that the government budget …

piecewise-linear budget constraint method. Our model incorporates a discontinuous budget line at cut-off hours (35 hours a week …