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Immiserizing growth in Diamond's overlapping generations model : a geometrical exposition

Matsuyama, Kiminori - In: International economic review 32 (1991) 1, pp. 251-262

Persistent link: https://www.econbiz.de/10001102383

Relevance and irrelevance of the Barro irrelevance theorem

Schönfelder, Bruno - In: Journal of economics 48 (1988) 4, pp. 333-354

Persistent link: https://www.econbiz.de/10001081943

Social Security, Growth, and Welfare in Overlapping Generations Economies With or Without Annuities

Bruce, Neil - 2012

We examine the impact of a stylized pay-as-you-go (PAYGO) Social Security program in an economy of overlapping generations with equilibrium growth. We adopt realistic mortality and other demographic assumptions and allow for the presence or absence of full life annuities. In all cases we find...

Persistent link: https://www.econbiz.de/10013105230

Big Ideas in Macroeconomics : A Nontechnical View

Athreya, Kartik B - 2013

Intro -- Contents -- Acknowledgments -- Introduction -- 1 The Modern Macroeconomic Approach and the Arrow-Debreu-McKenzie Model -- 2 Prices, Efficiency, and Macroeconomics -- 3 Macroeconomists, Efficiency, and Inequality -- 4 Macroeconomic Shortcuts -- 5 Benchmark Macroeconomic Models and Policy...

Persistent link: https://www.econbiz.de/10012687488

Inequality, household debt, ageing and bubbles : a model of demand-side Secular Stagnation

Di Bucchianico, Stefano - 2021

The mainstream concept of Secular Stagnation provides a comprehensive theoretical picture to explain sluggish economic growth and engenders a renewed role for fiscal policy. For these reasons, it should be praised. Given the difficulties entailed by the theoretical framework in which the theory...

Persistent link: https://www.econbiz.de/10012512676

Secular stagnation, rational bubbles and fiscal policy

Teulings, Coen N. - 2016

Persistent link: https://www.econbiz.de/10011482281

Secular stagnation, rational bubbles, and fiscal policy

Teulings, Coen N. - 2016

Persistent link: https://www.econbiz.de/10011538931

Secular stagnation, rational bubbles, and fiscal policy

Teulings, Coen N. - 2016

It is well known that rational bubbles can be sustained in balanced growth path of a deterministic economy when the … return to capital r is equal to the growth rate g. When there is a lack of stores of value, bubbles can implement an … capital. Then, bubbles further efficiency, though they cannot implement first best. While bubbles can only be sustained when r …

Persistent link: https://www.econbiz.de/10011540632

Secular stagnation, rational bubbles, and fiscal policy

Teulings, Coen N. - 2016

Persistent link: https://www.econbiz.de/10012171875

Secular Stagnation, Rational Bubbles, and Fiscal Policy

Teulings, Coen N. - 2016

It is well known that rational bubbles can be sustained in balanced growth path of a deterministic economy when the … return to capital <I>r</I> is equal to the growth rate <I>g</I>. When there is a lack of stores of value, bubbles can … marginal productivity of capital. Then, bubbles further efficiency, though they cannot implement first best. While bubbles can …

Persistent link: https://www.econbiz.de/10012981968