La croissance démographique dans les modèles à générations imbriquées

Hippolyte d’Albis
Authors registered in the RePEc Author Service: Hippolyte d'Albis

Revue économique, 2003, vol. 54, issue 3, 573-582

Abstract: In this paper, we develop a continuous time overlapping generations model to analyze the relationship between demographic growth rate and the interest rate. We show there exists a finite demographic growth rate that minimizes the interest rate. This implies that the relation between the two variables is not monotonic. We provide a theoretical characterization of the growth rate that minimizes the interest rate and explain why standard overlapping generations models proposed by Diamond [1965] and Blanchard [1985] systematically exhibit an increasing relationship between the demographic growth rate and the interest rate. Classification JEL : D91, E13, J10.

JEL-codes: D91 E13 J10 (search for similar items in EconPapers)
Date: 2003
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Related works:
Working Paper: La croissance démographique dans les modèles à générations imbriquées (2003)
Working Paper: La croissance démographique dans les modèles à générations imbriquées (2003)
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