Continuous-Time Overlapping Generations Models

Augeraud-Véron, Emmanuelle and D'Albis, Hippolyte (2009) Continuous-Time Overlapping Generations Models. TSE Working Paper, n. 09-047, Toulouse

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Official URL: http://tse-fr.eu/pub/22149

Abstract

Age structured populations are studied in economics through overlapping generations models. These models allow for a realistic characterization of life-cycle behaviors and display intertemporal equilibrium that are not necessarily efficient. This article uses the latest developments in continuous time overlapping generations models to show the influence of the vintage structure of the population on the volatility of intertemporal prices. Permanent cycles can be found on the neighborhood of steady-states while the transitional dynamics are generically governed by short run fluctuations.

Item Type: Monograph (Working Paper)
Language: English
Date: 3 June 2009
Place of Publication: Toulouse
Uncontrolled Keywords: overlapping generations, continuous time, life-cycle
Subjects: B- ECONOMIE ET FINANCE
Divisions: TSE-R (Toulouse)
Institution: Université Toulouse 1 Capitole
Site: UT1
Date Deposited: 09 Jul 2014 17:07
Last Modified: 14 Mar 2018 11:17
OAI ID: oai:tse-fr.eu:22149
URI: http://publications.ut-capitole.fr/id/eprint/15013

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