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Continuous-Time Overlapping Generations Models

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  • D'ALBIS Hippolyte
  • AUGERAUD-VÉRON Emmanuelle

Abstract

Age structured populations are studied in economics through overlapping generations models. These models allow for a realistic characterization of life-cycle behaviors and display intertemporal equilibrium that are not necessarily efficient. This article uses the latest developments in continuous time overlapping generations models to show the influence of the vintage structure of the population on the volatility of intertemporal prices. Permanent cycles can be found on the neighborhood of steady-states while the transitional dynamics are generically governed by short run fluctuations.

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Bibliographic Info

Paper provided by LERNA, University of Toulouse in its series LERNA Working Papers with number 09.15.291.

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Date of creation: Jun 2009
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Handle: RePEc:ler:wpaper:09.15.291

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References

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As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Visite guidée au coeur des travaux du Meilleur jeune économiste 2012 (2/2)
    by Matthieu Solignac in Regards croisés sur l'économie on 2012-06-10 22:05:40
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Cited by:
  1. Hippolyte D'Albis & Emmanuelle Augeraud-Véron, 2012. "Frequency of trade and the determinacy of equilibrium in economies of overlapping generations," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00717392, HAL.
  2. Hippolyte D'Albis & Emmanuelle Augeraud-Véron, 2012. "Frequency of trade and the deterrminacy of equilibrium in economies of overlapping generations," Post-Print halshs-00717158, HAL.

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