Overlapping generations : methods, models and morphology

The 800 pound gorilla in the room of macroeconomics is the question of why the overlapping generations model didn't become the central workhorse model for macroeconomics. Introduced in 1958 by Paul Samuelson, the model postulates an infinite number of finite-lived families. This is in stark con...

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Bibliographic Details
Main Authors: Spear, Stephen E., (Author), Young, Warren, (Author)
Format: eBook
Language: English
Published: Bingley, U.K. : Emerald Publishing Limited, 2023.
Series: International symposia in economic theory and econometrics ; 32.
Subjects:
Macroeconomics > Methodology.
Macroeconomics > Econometric models.
Macroeconomics.
Business & Economics > Economics > Macroeconomics.
elektronické knihy
electronic books
ISBN: 9781837530540
Physical Description: 1 online resource (332 pages).

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Table of contents

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040 |a UtOrBLW  |b eng  |e rda  |c UtOrBLW 
080 |a 330.1 
100 1 |a Spear, Stephen E.,  |e author. 
245 1 0 |a Overlapping generations :  |b methods, models and morphology /  |c Stephen E. Spear (Carnegie Mellon University, USA) and Warren Young (Bar Ilan University, Israel). 
264 1 |a Bingley, U.K. :  |b Emerald Publishing Limited,  |c 2023. 
264 4 |c ©2023 
300 |a 1 online resource (332 pages). 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
490 1 |a International symposia in economic theory and econometrics ;  |v 32 
504 |a Includes bibliographical references and index. 
505 0 |a Introduction. Introduction -- Chapter 1. Origins of the workhorse models -- Chapter 2. Olg - the next generations, 1960-1970 -- Chapter 3. Expectations and the neutrality of money c. 1972: From olg to solg -- Chapter 4. Infinite lived agents: Dynasty, 1970-1980 -- Chapter 5. Olg and money, 1970-1980 -- Chapter 6. Olg and theory, 1970-1980 -- Chapter 7. Boomers -- Chapter 8. Gen x and beyond: 1995-2015 -- Chapter 9. The ascendance of ila and the future of macro -- Chapter 10. Morphology of olg models and methods in comparative perspective -- Chapter 11. Summary and conclusion. 
520 |a The 800 pound gorilla in the room of macroeconomics is the question of why the overlapping generations model didn't become the central workhorse model for macroeconomics. Introduced in 1958 by Paul Samuelson, the model postulates an infinite number of finite-lived families. This is in stark contrast to the more dominant neoclassical growth model, which is based on the assumption that real economies are populated by a finite number of dynastic families. Despite the greater realism of the former model and the inherent implausibility of the assumptions underlying the growth model, the growth model has become dominant. The authors here explore the co-evolution of the two models to shed light on why this happened, spanning the entire post-WWII era. 
588 0 |a Print version record. 
650 0 |a Macroeconomics  |x Methodology. 
650 0 |a Macroeconomics  |x Econometric models. 
650 0 |a Macroeconomics. 
650 7 |a Business & Economics  |x Economics  |x Macroeconomics.  |2 bisacsh 
650 7 |a Macroeconomics.  |2 bicssc 
655 7 |a elektronické knihy  |7 fd186907  |2 czenas 
655 9 |a electronic books  |2 eczenas 
700 1 |a Young, Warren,  |e author. 
776 0 8 |i Print version:  |z 9781837530533 
776 0 8 |i PDF version:  |z 9781837530526 
830 0 |a International symposia in economic theory and econometrics ;  |v 32. 
856 4 0 |u https://proxy.k.utb.cz/login?url=https://doi.org/10.1108/S1571-0386202332  |y Full text 

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