全球智库信息集成服务系统(G2TT): Intergenerational Transfers as a Link between Overlapping Generations and Ramsey Models.

G2TT

来源类型	Monograph (IIASA Interim Report)
规范类型	报告
	Intergenerational Transfers as a Link between Overlapping Generations and Ramsey Models.
	Melnikov N; Sanderson WC
发表日期	2007
出版者	IIASA, Laxenburg, Austria: IR-07-013
出版年	2007
语种	英语
摘要	This paper develops a continuous-time model in which intergenerational transfers, di.erent from bequest, serve as a link between the overlapping generations (OLG) model and Ramsey-type model. We show that this theoretical framework covers a range of possible dynamics including the model of perpetual youth and Ramsey model as the two boundary cases. We also prove that, except for the Ramsey case, the new model retains qualitative features of an OLG model: competitive equilibrium can be ine1cient, Ricardian debt neutrality may be violated, and asset bubbles can exist.
主题	Population and Climate Change (PCC)
关键词	Growth models Overlapping generations Intergenerational transfers Asset bubbles Ricardian neutrality.
URL	http://pure.iiasa.ac.at/id/eprint/8442/
来源智库	International Institute for Applied Systems Analysis (Austria)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/125608
推荐引用方式 GB/T 7714	Melnikov N,Sanderson WC. Intergenerational Transfers as a Link between Overlapping Generations and Ramsey Models.. 2007.