CARESS Working Paper 00-09 TIME AND UNCERTAINTY IN OVERLAPPING GENERATIONS ECONOMIES

Abstract

This paper shows the general reversibility of every perfect foresight equilibrium of an overlapping generations economy. It then shows and characterizes the existence of reversible sunspot equilibria in these economies as well, which seems to be at odds with our intuition about the irreversibility of a tree of events. Although the paper establishes also… (More)

Topics

4 Figures and Tables

Cite this paper

@inproceedings{Dvila2000CARESSWP, title={CARESS Working Paper 00-09 TIME AND UNCERTAINTY IN OVERLAPPING GENERATIONS ECONOMIES}, author={Julio D. D{\'a}vila}, year={2000} }