Myopic and Perfect Foresight in the OLG Model.

We compare the dunamics under myopic foresight and under perfect foresight in an overlapping generations model with capital accumulation and two-period lived individuals. When the rational dynamics are defined and the myopic dynamics are monotonic, the study of myopic foresight allows to characterize the dynamics under perfect foresight.

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Year of publication:	1999
Authors:	Michel P. ; de la Croix, D.
Institutions:	Groupement de Recherche en Économie Quantitative d'Aix-Marseille (GREQAM), Aix-Marseille School of Economics (AMSE)
Subject:	BUSINESS CYCLES \| ECONOMIC GROWTH \| FORECASTS

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Series:	G.R.E.Q.A.M..
Type of publication:	Book / Working Paper
Notes:	7 pages
Classification:	E32 - Business Fluctuations; Cycles ; O41 - One, Two, and Multisector Growth Models
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005634380