Continuous-Time Overlapping Generations Models
Copyright policy )Continuous-Time Overlapping Generations Models
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.
- National Research Institute for Agriculture, Food and Environment France
- UNIVERSITE FEDERALE DE TOULOUSE MIDI-PYRENEES France
- Département Sciences sociales, agriculture et alimentation, espace et environnement France
- Commissariat à l’Energie Atomique et aux Energies Alternatives France
- University of La Rochelle France
continuous time, 330, JEL Classification: D5, overlapping generations; continuous time; life-cycle, intertemporal prices,overlapping generations,continuous time,life-cycle,intertemporal prices., intertemporal prices, [SHS.ECO]Humanities and Social Sciences/Economics and Finance, E2, life-cycle, intertemporal prices., overlapping generations, D9, [SHS.ECO] Humanities and Social Sciences/Economics and Finance
continuous time, 330, JEL Classification: D5, overlapping generations; continuous time; life-cycle, intertemporal prices,overlapping generations,continuous time,life-cycle,intertemporal prices., intertemporal prices, [SHS.ECO]Humanities and Social Sciences/Economics and Finance, E2, life-cycle, intertemporal prices., overlapping generations, D9, [SHS.ECO] Humanities and Social Sciences/Economics and Finance
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