Overlapping generations : methods, models and morphology

• 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).

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...