fiscal policy in the OLG model Flashcards
what is the fiscal framework for the OLG model?
what is the budget constraint for the initial old consumer?
what is the optimal choice for the initial old consumer?
what is the budget constraint for the consumer born at t?
what is the lifetime budget constraint for the consumer born at t?
what is the solution to the utility maximisation problem for the fiscal OLG model for consumption?
what is the market clearing savings rate for the fiscal policy in the OLG model?
what is the national income identidy for the fiscal OLG model?
what is the market clearing interest rate that clears the goods market at t=1, how is it derived?
what is the lifetime consumption levels in the fiscal OLG model?
how do you find the market clearing interest rate for period 2?
what is the conclusion of the fiscal OLG model on the impact of taxes on equilibrium interest rates?
how can it be shown that in equilibrium the governments borrowing must be financed by the savings of consumers?
how can ricardian equivalence be shown in the fiscal OLG model?
what is the discussion about for feasible policies in the fiscal OLG model?
