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Tractable graphical device for analyzing stationary stochastic OLG economies

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  • Ohtaki, Eisei

Abstract

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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Bibliographic Info

Article provided by Elsevier in its journal Journal of Macroeconomics.

Volume (Year): 40 (2014)
Issue (Month): C ()
Pages: 16-26

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Handle: RePEc:eee:jmacro:v:40:y:2014:i:c:p:16-26

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Web page: http://www.elsevier.com/locate/inca/622617

Related research

Keywords: Box diagram; Stochastic overlapping generations model;

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References

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