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Overlapping Generations - Methods, Models and Morphology Loot Price: R2,607
Discovery Miles 26 070
Repayment Terms: R244 pm x 12*
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Overlapping Generations - Methods, Models and Morphology: Stephen Spear, Warren Young

Overlapping Generations - Methods, Models and Morphology

Stephen Spear, Warren Young

Series: International Symposia in Economic Theory and Econometrics

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Loot Price R2,607 Discovery Miles 26 070 | Repayment Terms: R244 pm x 12*

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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.

General

Imprint: Emerald Publishing Limited
Country of origin: United Kingdom
Series: International Symposia in Economic Theory and Econometrics
Release date: September 2023
First published: 2023
Authors: Stephen Spear • Warren Young
Dimensions: 229 x 152mm (L x W)
Pages: 332
ISBN-13: 978-1-83753-053-3
Categories: Books
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LSN: 1-83753-053-X
Barcode: 9781837530533

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