Introduction

Toshihiro Ihori
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Toshihiro Ihori: University of Tokyo

Chapter 1 in Public Finance in an Overlapping Generations Economy, 1996, pp 1-18 from Palgrave Macmillan

Abstract: Abstract To facilitate the understanding of Public Finance in an Overlapping Generations Economy, we start by providing in this chapter a brief summary of the entire text. This is followed by a short review of the basic concepts to be used in these chapters. The choice of overlapping generations growth model as the vehicle of analysis in this text is based on the fact that for over three decades it has become a standard framework for analyzing dynamic economic phenomena. It has facilitated novel insights which help our understanding of aggregate economic behavior, while also maintaining simplicity and analytical tractability.

Keywords: Golden Rule; Bequest Motive; Production Possibility Frontier; Saddle Path; Endogenous Labor Supply (search for similar items in EconPapers)
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-38990-8_1

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DOI: 10.1057/9780230389908_1

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