Balanced cycles in an OLG model with a continuum of finitely-lived individuals
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This paper deals with the intertemporal equilibrium of a barter economy populated with a continuum of finitely-lived overlapping generations. Assuming isoelastic preferences and zero endowments at the beginning and the end of the individuals' life-span, it proves the existence of an Hopf bifurcation and provides sufficient conditions on parameters for its occurrence.
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Cites work
- Debt, liquidity and dynamics
- Differential-difference equations
- Dynamics in OG Economies
- Endogenous growth cycles in an overlapping generations model with investment gestation lags
- Hopf bifurcation for functional differential equations of mixed type
- Optimal growth and cycles in overlapping generations models
- The determinacy of equilibrium in economies of overlapping generations
- Vintage capital, investment, and growth
Cited in
(14)- Equilibrium cycles in an overlapping generations economy with production
- On the equivalence between the overlapping-generations model and cyclical general-equilibrium models
- On the long-run fluctuations of inheritance in two-sector OLG models
- Local social interaction and urban equilibria
- Local determinacy of prices in an overlapping generations model with continuous trading
- Equilibria in an overlapping generations model with transfer policies and exogenous growth
- Center projections for smooth difference equations of mixed type
- Endogenous Retirement and Monetary Cycles
- Stability and determinacy conditions for mixed-type functional differential equations
- Optimal policy and consumption smoothing effects in the time-to-build AK model
- Generically distributed investments on flexible projects and endogenous growth
- Demographic-economic equilibria when the age at motherhood is endogenous
- Center manifolds for periodic functional differential equations of mixed type
- An integral equation representation for overlapping generations in continuous time
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