Rational Expectations Equilibria in the OG Model with Production

@inproceedings{Cooper2006RationalEE,
  title={Rational Expectations Equilibria in the OG Model with Production},
  author={Russell Cooper},
  year={2006}
}
Consider the overlapping generations model presented in class. The key aspects developed in other notes are: • agents work in youth and consume in old age • agents are endowed with a unit of time in youth and a technology which converts labor input into output • generation t preferences are: u(ct+1)−g(nt) where u(·) is strictly increasing and strictly concave and g(·) is strictly increasing and strictly convex • population is constant and normalized at 1 • the per capita money supply is a… CONTINUE READING
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