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RDP 8809: The Intertemporal Government Budget Constraint and Tests for Bubbles
Equation (12)
s
t
=
k
2
+
a
1
s
t
−
1
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaqbaeaabeGbaa aabaGaae4CamaaBaaaleaacaqG0baabeaaaOqaaiabg2da9aqaaiaa bUgadaWgaaWcbaGaaGOmaaqabaaakeaacqGHRaWkaeaacaqGHbWaaS baaSqaaiaaigdaaeqaaaGcbaGaae4CamaaBaaaleaacaqG0bGaeyOe I0IaaGymaaqabaaaaaaa@418B@