Overlapping Generations : Methods, Models and Morphology

Language: English

Published by Emerald Group Publishing, 2023

183753053X / 9781837530533

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Seller: AHA-BUCH GmbH, Einbeck, GermanyAHA-BUCH GmbH

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nach der Bestellung gedruckt Neuware - Printed after ordering - 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.

Seller Inventory # 9781837530533

Title
Overlapping Generations : Methods, Models and Morphology
Author
Stephen E. Spear
Publisher
Emerald Group Publishing
Publication year
2023
Condition
Neu
Binding
Buch
Language
English
ISBN 10
183753053X
ISBN 13
9781837530533
Item weight
490 grams
Dimensions
235x157x19 mm

AHA-BUCH GmbH

Einbeck, Germany

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