Barnett, Richard C. (contributor); … - 2007
, 2007
Abstract
In an overlapping generations model, momentary equilibria are definedaspointsthatlie
on the intergenerational … dynamically invalid.
JEL Classification: E 31, E 42, E 63
Keywords: overlapping generations models, monetary equilibria, cycles … pure-exchange two-period lived overlapping generations (OG) model.
The textbook version of this model economy is populated …