XWe have detected your location as outside the U.S/Canada, if you think this is wrong, you can choose your location.

Macmillan Higher Education

Overlapping Generations Economies

Author(s):
Publisher:

Palgrave

Pages: 250
Downloads:

Flyer

Sample chapter

Further Actions:

Recommend to library


Categories:

AVAILABLE FORMATS

Hardcover - 9780230243330

15 June 2010

$109.00

In stock

Paperback - 9780230243347

15 June 2010

$69.99

In stock

Ebook - 9781137075161

16 September 2017

$59.99

In stock


In the past two decades the overlapping generations (OG) model has become a dominant framework in macroeconomic analysis. This book provides a clear and self-contained introduction to OG economies.

Starting with the existence...

Show More

In the past two decades the overlapping generations (OG) model has become a dominant framework in macroeconomic analysis. This book provides a clear and self-contained introduction to OG economies.

Starting with the existence of equilibrium and the optimality of allocations, the discussion then turns to properties of equilibria, including the existence of fluctuations and sunspot equilibria, ending with applications to the theories of exchange rates and endogenous growth.

Throughout the book, OG economies are compared and contrasted with optimal growth economies. The presentation includes detailed proofs of results as well as illustrative examples. Growing out of research and teaching experience on the subject, the book is suitable for advanced students and researchers.

Show Less


The only current book to analyze OG economies
Written by a top researcher in the field
Traditional microeconomics issues are covered alongside new developments, e.g. fluctuations, endogenous growth and exchange rates

PART I: OVERLAPPING GENERATIONS ECONOMIES Pure Exchange OG Economies 
Optimality
Optimal Growth Economies
Stationary OG Economies
Fluctuations
Currencies
OG Economies with Production
Endogenous Growth
PART II: CONSUMERS AND FIRMS Consumers
Preferred Sets and Support Functions
Consumers under Uncertainty
Firms
Appendix A: Sequences, Sets and Functions
Appendix B: Differentiability of Functions
Appendix C: Separation of Convex Sets
Appendix D: Dynamical Systems
References.
Add a review

MICH TVEDE is Professor in the Department of Economics, University of Copenhagen, Denmark. His research interests include consumer theory, economic dynamics, general equilibrium and incomplete financial markets

Show More

MICH TVEDE is Professor in the Department of Economics, University of Copenhagen, Denmark. His research interests include consumer theory, economic dynamics, general equilibrium and incomplete financial markets

Show Less

New Publications 

Best Sellers