On the equivalence between the overlapping-generations model and cyclical general-equilibrium models

被引：0

作者：

Jan Tuinstra

Claus Weddepohl

机构：

[1] University of Amsterdam,Department of Econometrics, Faculty of Economics and Econometrics

来源：

Journal of Economics | 1999年 / 70卷

关键词：

overlapping generations; general equilibrium; cycles; D51; D90; E32;

D O I：

暂无

中图分类号：

学科分类号：

摘要：

We show that equilibrium cycles in an overlapping-generations model are equivalent to asymmetric equilibria in a general-equilibrium model. We use this equivalence to find equilibrium cycles in the overlapping-generations model with two and three generations, respectively. For the example with two generations we show that for certain parameter values cycles of all periods occur.

引用

页码：187 / 207

页数：20

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