Publication:4241004
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zbMath0916.90047MaRDI QIDQ4241004
Publication date: 29 April 1999
overlapping generations; Pareto efficiency; bubbles; intermediation; first welfare theorem; unsecured debt
91B62: Economic growth models
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Active intermediation in a monetary overlapping generations economy, Nonshiftable capital, affine price expectations and convergence to the golden rule.