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Pareto optimality of the golden rule equilibrium in an overlapping generations model with production and transfers

Mertens, Jean-François; Rubinchik-Pessach, Anna - 2012

Persistent link: https://www.econbiz.de/10009674521

Two-Sided Altruism, Lindahl Equilibrium, and Pareto Optimality in Overlapping Generations Models

Raut, Lakshmi Kanta - 2005

This paper extends the Samuelsonian overlapping generations general equilibrium framework to encompass a variety of altruistic preferences by recasting it into a Lindahl equilibrium framework. The First and the Second Welfare theorems hold for Lindahl equilibrium with respect to the Malinvaud...

Persistent link: https://www.econbiz.de/10014061656

Learning and equilibrium selection in a monetary overlapping generations model with sticky prices

Adam, Klaus - 2003

We study adaptive learning in a monetary overlapping generations model with sticky prices and monopolistic competition for the case where learning agents observe current endogenous variables. Observability of current variables is essential for informational consistency of the learning setup with...

Persistent link: https://www.econbiz.de/10009765346

On equilibrium determinacy in overlapping generations models with money

Hirano, Tomohiro; Akira Toda, Alexis - In: Economics letters 239 (2024), pp. 1-3

Persistent link: https://www.econbiz.de/10015076682

Existence of monetary equilibrium for overlapping generations economies with satiated agents

Urai, Ken; Murakami, Hiromi; Moriya, Takahiro - 2022

Persistent link: https://www.econbiz.de/10013357397

An Equilibrium Theory of the Business Cycle Under Certainty

Martins, Marco A. - 2005

This paper develops a full-employment theory of the business cycle in the context of a simple equilibrium dynamic … monetary model with complete information, overlapping generations and production processes. This theory is founded on three … time. According to this theory, fully anticipated monetary shocks cause the kind of movements in outputs, prices and …

Persistent link: https://www.econbiz.de/10014067165

The Optimal Inflation Rate in an Overlapping-Generations Economy with Land

McCallum, Bennett T. - 2021

This paper is concerned with the optimal inflation rate in an overlapping-generations economy in which (i) aggregate output is constrained by a standard neoclassical production function with diminishing marginal products for both capital and labor and (ii) the transaction-facilitating services...

Persistent link: https://www.econbiz.de/10013243954

The Optimal Inflation Rate in an Overlapping-Generations Economy with Land

McCallum, Bennett T. - 1986

Persistent link: https://www.econbiz.de/10012477183

Life-span and the determinacy of equilibrium in economies of overlapping generations

DeMichelis, Stefano; Polemarchakis, Heraklis M. - 2000

Persistent link: https://www.econbiz.de/10001514938

Expectations in an OG economy

Ghiglino, Christian (contributor); … - 2004 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10002432923