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RDP 8809: The Intertemporal Government Budget Constraint and Tests for Bubbles
Equation (7)″
Δ
b
t
=
g
t
−
(
t
t
+
Δ
m
t
)
+
(
i
−
y
−
n
)
b
t
−
1
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeuiLdqKaae OyamaaBaaaleaacaqG0baabeaakiabg2da9iaabEgadaWgaaWcbaGa aeiDaaqabaGccqGHsislcaGGOaGaaeiDamaaBaaaleaacaqG0baabe aakiabgUcaRiabfs5aejaab2gadaWgaaWcbaGaaeiDaaqabaGccaGG PaGaey4kaSIaaiikaiaabMgacqGHsislcaqG5bGaeyOeI0IaaeOBai aacMcacaqGIbWaaSbaaSqaaiaabshacqGHsislcaaIXaaabeaaaaa@4FF8@