Overlapping Generations Economies

This book contains an analysis of overlapping generations' economies. Both traditional issues of microeconomics such as the existence of equilibrium and optimality of equilibrium allocations and new issues such as fluctuations, exchange rates and endogenous growth are studied.

In the past two decades the overlapping generations (OG) model has become a dominant framework in macroeconomic analysis. This book provides a clear and self-contained introduction to OG economies.

Starting with the existence of equilibrium and the optimality of allocations, the discussion then turns to properties of equilibria, including the existence of fluctuations and sunspot equilibria, ending with applications to the theories of exchange rates and endogenous growth.

Throughout the book, OG economies are compared and contrasted with optimal growth economies. The presentation includes detailed proofs of results as well as illustrative examples. Growing out of research and teaching experience on the subject, the book is suitable for advanced students and researchers.

Meer over Overlapping

Over dit product

Boekdetails

Misschien vind je dit ook leuk

Berserk Deluxe Volume 1

Throne of Glass Box Set (Paperback): The complete series in paperback from the author of ACOTAR

Misschien vind je dit ook leuk

Berserk Deluxe Volume 1

Throne of Glass Box Set (Paperback): The complete series in paperback from the author of ACOTAR

The Hobbit and the Lord of the Rings

Stormlight Archive MM Boxed Set I, Books 1-3: The Way of Kings, Words of Radiance, Oathbringer

George R. R. Martin's A Game of Thrones Leather-Cloth Boxed Set (Song of Ice andFire Series): A Game of Thrones, A Clash of Kings, A Storm of Swords, A Feast for Crows, and ADance with Dragons

Invincible Compendium Volume 1

Trading in the Zone: Master the Market with Confidence, Discipline, and a Winning Attitude

Mistborn Trilogy Boxed Set: Mistborn, The Well of Ascension, The Hero of Ages

The Lord of the Rings Deluxe Illustrated by the Author: Special Edition

Vagabond (VIZBIG Edition), Vol. 7: Volume 7

Overlapping Generations Economies

Meer over Overlapping