Assessing Dynamic Efficiency: Theory and Evidence
From MaRDI portal
Publication:3811999
DOI10.2307/2297746zbMath0661.90019OpenAlexW3123720468WikidataQ56028852 ScholiaQ56028852MaRDI QIDQ3811999
N. Gregory Mankiw, Lawrence Summers, Andrew B. Abel, Richard J. Zeckhauser
Publication date: 1989
Published in: The Review of Economic Studies (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.2307/2297746
Applications of statistics to economics (62P20) Economic time series analysis (91B84) Economic growth models (91B62)
Related Items (35)
Welfare-improving debt policy under monopolistic competition ⋮ SEARCH AND STOCHASTIC DYNAMICS IN THE OLD KEYNESIAN ECONOMICS: A RATIONALE FOR THE SHIMER PUZZLE ⋮ The transfer paradox in a one-sector overlapping generations model ⋮ Efficiency and optimality in stochastic models with production ⋮ A life cycle analysis of social security ⋮ Optimality in stochastic OLG models: theory for tests ⋮ Thomas Piketty and the rate of time preference ⋮ Social security as Markov equilibrium in OLG models: clarifications and some new insights ⋮ The fiscal theory of the price level in a world of low interest rates ⋮ Intrinsic bubbles and asset price volatility ⋮ Solving dynamic inefficiency with politically sustainable guest worker programs ⋮ Introduction to economic theory of bubbles ⋮ Safe asset shortages and asset price bubbles ⋮ A leverage-based model of speculative bubbles ⋮ Nonshiftable capital, affine price expectations and convergence to the golden rule. ⋮ Endogenous market incompleteness without market frictions: dynamic suboptimality of competitive equilibrium in multiperiod overlapping generations economies ⋮ Bubbles and capital flows ⋮ Portfolio constraints, differences in beliefs and bubbles ⋮ Asset prices, debt constraints and inefficiency ⋮ Property rights and efficiency in OLG models with endogenous fertility ⋮ Dynamic efficiency of steady-state equilibria in an overlapping- generations model with productive capital ⋮ Characterizing efficiency in stochastic overlapping generations models ⋮ Efficiency in economic growth models under uncertainty ⋮ On equilibrium elasticities of substitution in simple overlapping generations economies with heterogeneous goods ⋮ Asset bubbles and borrowing constraints ⋮ Optimism, pessimism and financial bubbles ⋮ The Cass criterion, the net dividend criterion, and optimality ⋮ Can social security be welfare improving when there is demographic uncertainty? ⋮ Dynamic efficiency in the two-sector overlapping generations model ⋮ A mathematical model for dynamic efficiency using data envelopment analysis ⋮ Internalizing fertility and education externalities on capital returns ⋮ The Zilcha criteria for dynamic inefficiency reconsidered ⋮ Parental altruism, life expectancy and dynamically inefficient equilibria ⋮ Dynamic efficiency in overlapping generations models with stochastic production ⋮ Introduction to the symposium on bubbles, multiple equilibria, and economic activities
This page was built for publication: Assessing Dynamic Efficiency: Theory and Evidence