Continuous-Time Overlapping Generations Models

@inproceedings{DAlbis2009ContinuousTimeOG,
  title={Continuous-Time Overlapping Generations Models},
  author={Hippolyte D’Albis and Emmanuelle Augeraud-Veron},
  year={2009}
}
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… CONTINUE READING

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