Long-Run Effects of Capital Market Integration Using OLG Model

Buiter (1981) illustrates that in the OLG model, the ranking of stationary utility levels under autarky and openness, is ambiguous. We show that both countries increase their stationary utility levels only if the autarky capital-labor ratios are on opposite sides of the golden rule

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Year of publication:	2016
Authors:	Darreau, Philippe
Other Persons:	Pigalle, Francois (contributor)
Publisher:	[2016]: [S.l.] : SSRN
Subject:	Overlapping Generations \| Overlapping generations \| Finanzmarkt \| Financial market \| Marktintegration \| Market integration \| Theorie \| Theory

Extent:	1 Online-Ressource (12 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Philippe Darreau and François Pigalle, (2014) ''Long-run effects of capital market integration using OLG model'', Economics Bulletin, Vol. 34 No. 3 pp. 1835-1845 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments August 20, 2014 erstellt
Classification:	F4 - Macroeconomic Aspects of International Trade and Finance ; H6 - National Budget, Deficit, and Debt
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013006015