Annicchiarico, Barbara (contributor); … - 2006
Introduction 6
2 The model 8
2.1 Consumers 8
2.1.1 The individual optimizing problem 9
2.1.2 Aggregation 13
2.2 Firms 14
2 …-of-thumb
consumers, as proposed by Gal´ı, L´opez-Salido and Vall´es (2003, 2004), allow to examine
the non-trivial implications of … accumulation
and overlapping generations. The economy consists of seven types of agents: finitely-
lived consumers, perfectly …