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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| Main Authors | , |
|---|---|
| Format | Electronic eBook |
| Language | English |
| Published |
Bingley, U.K. :
Emerald Publishing Limited,
2023.
|
| Series | International symposia in economic theory and econometrics ;
32. |
| Subjects | |
| Online Access | Full text |
| ISBN | 9781837530540 |
| DOI | 10.1108/S1571-0386202332 |
| Physical Description | 1 online resource (332 pages). |
Cover
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| 082 | 0 | 4 | |a 339 |2 23 |
| 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. | |
| 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 |