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

H. Youn Kim

Applied Economics Letters, 2000, vol. 7, issue 3, 203-205

Abstract: 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.

Date: 2000
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DOI: 10.1080/135048500351807

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