Format:
1 Online-Ressource (261 Seiten)
Edition:
1st ed
ISBN:
9781837530526
Series Statement:
International Symposia in Economic Theory and Econometrics Series v.32
Content:
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, as opposed to the neoclassical growth model. The authors here explore the co-evolution of the two models
Note:
Description based on publisher supplied metadata and other sources
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Intro -- Half Title Page -- Series Page -- Title Page -- Copyright Page -- Dedication Page -- Contents -- List of Figures and Tables -- Acknowledgments -- Introduction -- Chapter 1: Origins of the Workhorse Models -- 1.1 Infinite-lived Agents and the Neoclassical Growth Model -- 1.2. The Overlapping Generations Model: Origins and Dissemination -- Chapter 2: OLG - The Next Generations, 1960-1970 -- 2.1 The Lerner-Samuelson Debate -- 2.2 The Meckling-Samuelson Debate -- 2.3 The Diamond Model -- 2.4 Cass and Yaari -- 2.5 Shell -- 2.6 Starrett and Gale -- Chapter 3: Expectations and the Neutrality of Money C. 1972: from OLG to Stochastic OLG -- Chapter 4: Infinite-lived Agents: Dynasty, 1970-1980 -- Chapter 5: OLG and Money, 1970-1980 -- 5.1 Neil Wallace -- 5.2 The 1978 Minneapolis Fed Conference -- 5.3 The Tenuousness of Money -- Chapter 6: OLG and Theory, 1970-1980 -- 6.1 Temporary Equilibrium -- 6.2 Optimal Taxation and Public Finance -- 6.3 The Balasko-Shell Analysis -- 6.4 Sunspots -- Chapter 7: Boomers -- 7.1 Kehoe and Levine -- 7.2 Chaos -- 7.3 Observational Equivalence -- 7.4 Incomplete Markets and Financial Frictions -- 7.5 Pushback -- 7.6 Stochastic OLG -- 7.7 Welfare Issues -- Chapter 8: Gen X and Beyond: 1995-2015 -- 8.1 Theory -- 8.2 Social Security -- 8.3 Demography and Wealth -- 8.4 Search -- 8.5 Computation -- Chapter 9: The Ascendance of ILA and the Future of Macro -- 9.1 Why ILA? -- 9.2 Whither Macroeconomics? -- Chapter 10: Morphology of OLG Models and Methods in Comparative Perspective -- Chapter 11: Summary and Conclusion -- Appendix 1: Graduate Textbook Coverage of OLG -- Appendix 2: Rios-Rull Follow-on Citations -- References -- Index
Additional Edition:
Erscheint auch als Druck-Ausgabe E. Spear, Stephen Overlapping Generations Bingley : Emerald Publishing Limited,c2023 ISBN 9781837530533
Language:
English
