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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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Suggested Citation

  • D'ALBIS Hippolyte & AUGERAUD-VÉRON Emmanuelle, 2009. "Continuous-Time Overlapping Generations Models," LERNA Working Papers 09.15.291, LERNA, University of Toulouse.
  • Handle: RePEc:ler:wpaper:09.15.291
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    1. Visite guidée au coeur des travaux du Meilleur jeune économiste 2012 (2/2)
      by Matthieu Solignac in Regards croisés sur l'économie on 2012-06-11 03:05:40

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    2. d’Albis, Hippolyte & Augeraud-Véron, Emmanuelle & Hupkes, Hermen Jan, 2014. "Stability and determinacy conditions for mixed-type functional differential equations," Journal of Mathematical Economics, Elsevier, vol. 53(C), pages 119-129.
    3. Can Askan Mavi, 2019. "What can catastrophic events tell us about sustainability?," Post-Print halshs-02142121, HAL.

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