Tractable graphical device for analyzing stationary stochastic OLG economies

This article develops a tractable graphical device for analyzing the stationary, stochastic overlapping generations economy. In this paper, the graphical device is applied to the theoretical study on stochastic bubbles per Weil (1987) and gives new insights into the issue.

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Year of publication:	2014
Authors:	Ohtaki, Eisei
Published in:	Journal of Macroeconomics. - Elsevier, ISSN 0164-0704. - Vol. 40.2014, C, p. 16-26
Publisher:	Elsevier
Subject:	Box diagram \| Stochastic overlapping generations model

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Type of publication:	Article
Classification:	D50 - General Equilibrium and Disequilibrium. General ; D62 - Externalities ; D81 - Criteria for Decision-Making under Risk and Uncertainty ; E40 - Money and Interest Rates. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010777105