Continuous-Time Overlapping Generations Models

Hippolyte d'Albis and Emmanuelle Augeraud-Véron

Post-Print from HAL

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.

Keywords: overlapping generations; continuous time; life-cycle; intertemporal prices.; intertemporal prices (search for similar items in EconPapers)
Date: 2011
New Economics Papers: this item is included in nep-age and nep-dge
Note: View the original document on HAL open archive server: https://hal.science/hal-00424799v1
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Published in R. Boucekkine, N. Hritonenko and Y. Yatsenko. Optimal Control of Age-structured Population in Economy, Demography, and the Environment., Taylor and Francis, pp.45-69, 2011, Routledge Explorations in Environmental Economics

Downloads: (external link)
https://hal.science/hal-00424799v1/document (application/pdf)

Related works:
Working Paper: Continuous-Time Overlapping Generations Models (2009)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-00424799

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().