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Overlapping Generations Economies

Overlapping Generations Economies


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About the Book

In the past two decades the overlapping generations (OG) model has become a dominant framework in macroeconomic analysis. This book provides a clear and self-contained introduction to OG economies.

Starting with the existence of equilibrium and the optimality of allocations, the discussion then turns to properties of equilibria, including the existence of fluctuations and sunspot equilibria, ending with applications to the theories of exchange rates and endogenous growth.

Throughout the book, OG economies are compared and contrasted with optimal growth economies. The presentation includes detailed proofs of results as well as illustrative examples. Growing out of research and teaching experience on the subject, the book is suitable for advanced students and researchers.


About the Author:

MICH TVEDE is Professor in the Department of Economics, University of Copenhagen, Denmark. His research interests include consumer theory, economic dynamics, general equilibrium and incomplete financial markets
MICH TVEDE is Professor in the Department of Economics, University of Copenhagen, Denmark. His research interests include consumer theory, economic dynamics, general equilibrium and incomplete financial markets


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Product Details
  • ISBN-13: 9780230243330
  • Publisher: Red Globe Press
  • Publisher Imprint: Red Globe Press
  • Depth: 19
  • Language: English
  • Returnable: Y
  • Spine Width: 18 mm
  • Width: 157 mm
  • ISBN-10: 0230243339
  • Publisher Date: 11 May 2010
  • Binding: Hardback
  • Height: 234 mm
  • No of Pages: 250
  • Series Title: English
  • Weight: 589 gr


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