Budget constraints with Bonds in RBC models

You mean papers like this
Screenshot from 2021-08-10 16-03-04
and papers like

Not sure there is a big intuition here. If price is important to you in the model…then put inflation in the model. If price is not important to the mechanism you are studying, you can normalize it to 1 or constant.

These are ideas I got from this thread…Exogenous tradable goods price in a two sector model - #2 by HelloDynare

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