Continuous-Time Overlapping Generations Models

Emmanuelle Augeraud-Véron and Hippolyte d'Albis

No 09-047, TSE Working Papers from Toulouse School of Economics (TSE)

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 (search for similar items in EconPapers)
Date: 2009-06
New Economics Papers: this item is included in nep-cba and nep-dge
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Citations: View citations in EconPapers (2)

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Related works:
Working Paper: Continuous-Time Overlapping Generations Models (2011)
Working Paper: Continuous-Time Overlapping Generations Models (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:tse:wpaper:22149

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