Aubry, Jean-Pierre; Fleurent, Diane - In: L'Actualité Economique 55 (1979) 4, pp. 467-500
This study was undertaken in order to provide better insight into the dynamics of the life-cycle model and to develop a set of quantitative relationships that model the behaviour of macroeconomic aggregates. To begin, a microeconomic model was constructed which could, with a certain accuracy,...