Money and Capital in Interdependent Economies with Overlapping Generations
نویسندگان
چکیده
منابع مشابه
Recursive Equilibrium in Stochastic Overlapping - Generations Economies
THE OVERLAPPING-GENERATIONS (OLG) model, introduced first by Allais (1947) and Samuelson (1958), is one of the two major workhorses for macroeconomic and financial modeling of open-ended dynamic economies. Following developments in the study of two-period economies, the OLG model has been extended to cover stochastic economies with production and possibly incomplete financial markets. As is the...
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ژورنال
عنوان ژورنال: Economica
سال: 1991
ISSN: 0013-0427
DOI: 10.2307/2554654