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Debt, deficits and finite horizons: The stochastic case

Farmer, Roger E.A.; Nourry, Carine; Venditti, Alain - In: Economics Letters 111 (2011) 1, pp. 47-49

We introduce aggregate uncertainty and complete markets into Blanchard's (1985) perpetual youth model. We derive a simple expression for the pricing kernel that can be used to close a variety of equilibrium models in which the set of agents changes over time.

Persistent link: https://www.econbiz.de/10008866987

Economically rational expectations equilibrium

Crettez, Bertrand; Michel, Philippe - In: Economics Letters 40 (1992) 2, pp. 203-206

Persistent link: https://www.econbiz.de/10005355374

Quantity adjustment costs and price stickiness

Ginsburgh, Victor; Michel, Philippe; Moes, Philippe - In: Economics Letters 36 (1991) 2, pp. 121-125

Persistent link: https://www.econbiz.de/10005158900

Myopic and perfect foresight in the OLG model

Michel, Philippe; de la Croix, David - In: Economics Letters 67 (2000) 1, pp. 53-60

Persistent link: https://www.econbiz.de/10005159142

Harrodian and neoclassical paths in a constrained growth model

Henin, Pierre-Yves; Michel, Philippe - In: Economics Letters 10 (1982) 3-4, pp. 237-242

Persistent link: https://www.econbiz.de/10005296610

Democracy and dynamic welfare optima

Ginsburgh, Victor; Michel, Philippe - In: Economics Letters 9 (1982) 4, pp. 315-318

Persistent link: https://www.econbiz.de/10005361568