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Equilibrium for overlapping generations in continuous time
Burke, Jonathan L. - In: Journal of economic theory 70 (1996) 2, pp. 364-390
Persistent link: https://www.econbiz.de/10001206837
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General equilibrium when economic growth exceeds discounting
Burke, Jonathan L. - In: Journal of economic theory 94 (2000) 2, pp. 141-162
Persistent link: https://www.econbiz.de/10001523867
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The robustness of optimal equilibrium among overlapping generations
Burke, Jonathan L. - In: Economic theory : official journal of the Society for … 14 (1999) 2, pp. 311-329
Persistent link: https://www.econbiz.de/10001416708
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The Robustness of Optimal Equilibrium Among Overlapping Generations
Burke, Jonathan L. - 1999
We combine and strengthen optimality and robustness theorems for the overlapping-generations model of money. Roughly, we find a Pareto-optimal monetary equilibrium of a generic stationary economy that is near an optimal monetary equilibrium of each nearby non-stationary economy. Since the nearby...
Persistent link: https://www.econbiz.de/10014184272