Skip to content
RDP 8809: The Intertemporal Government Budget Constraint and Tests for Bubbles
Equation (7)
g
t
−
(
t
t
+
Δ
m
t
)
=
b
t
−
(
1
+
i
)
/
(
1
+
y
)
(
1
+
p
)
b
t
−
1
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaae4zamaaBa aaleaacaqG0baabeaakiabgkHiTiaacIcacaqG0bWaaSbaaSqaaiaa bshaaeqaaOGaey4kaSIaeuiLdqKaaeyBamaaBaaaleaacaqG0baabe aakiaacMcacqGH9aqpcaqGIbWaaSbaaSqaaiaabshaaeqaaOGaeyOe I0IaaiikaiaaigdacqGHRaWkcaqGPbGaaiykaiaac+cacaGGOaGaaG ymaiabgUcaRiaabMhacaGGPaGaaiikaiaaigdacqGHRaWkcaqGWbGa aiykaiaabkgadaWgaaWcbaGaaeiDaiabgkHiTiaaigdaaeqaaaaa@5501@