This paper develops an overlapping agents model with age-specific mortality rates. The analytical framework also nests Blanchard''s (1985) ""perpetual youth"" model as a special, though perhaps not realistic, case. With age specific mortality rates, youth is ""fleeting."" Using standard...

This paper investigates the consequences of pricing to market for exchange rate pass-through and real exchange rate dynamics across different patterns of trade under market segmentation. Under two-way, intraindustry trade--where home prices display greater linkage with those of foreign...