Overlapping Generations

Methods, Models and Morphology

AvStephen E. Spear,Warren Young

Inbunden, Engelska, 2023

Del 32 i serien International Symposia in Economic Theory and Econometrics

1 226 kr

Beställningsvara. Skickas inom 7-10 vardagar. Fri frakt över 249 kr.

Beskrivning

The 800 pound gorilla in the room of macroeconomics is the question of why the overlapping generations model didn’t become the central workhorse model for macroeconomics. Introduced in 1958 by Paul Samuelson, the model postulates an infinite number of finite-lived families. This is in stark contrast to the more dominant neoclassical growth model, which is based on the assumption that real economies are populated by a finite number of dynastic families. Despite the greater realism of the former model and the inherent implausibility of the assumptions underlying the growth model, the growth model has become dominant. The authors here explore the co-evolution of the two models to shed light on why this happened, spanning the entire post-WWII era.

Produktinformation

Utforska kategorier

Mer om författaren

Recensioner i media

Innehållsförteckning

Hoppa över listan

Mer från samma författare

  • Nyhet

Endogenous Growth

Peter Galbács, Stephen E. Spear, Warren Young

Inbunden

1 204 kr

Hoppa över listan

Mer från samma serie

Economic Complexity

William A. Barnett, Christophe Deissenberg, Gustav Feichtinger

Inbunden

1 953 kr

Hoppa över listan

Du kanske också är intresserad av

Economic Complexity

William A. Barnett, Christophe Deissenberg, Gustav Feichtinger

Inbunden

1 953 kr