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A Theory of Economic Growth: Dynamics and Policy in Overlapping Generations - De La Croix, David Michel, Philippe
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De La Croix, David Michel, Philippe:

A Theory of Economic Growth: Dynamics and Policy in Overlapping Generations - hardcover

ISBN: 9780521806428

[ED: Hardcover], [PU: CAMBRIDGE UNIV PR], Provides an in-depth treatment of the overlapping generations model in economics incorporating production. Chapter 1 investigates competitive equilibria and corresponding dynamics: existence and uniqueness of equilibrium, global dynamics of capital (including poverty traps), and various extensions of the model. Chapter 2 analyzes the optimality of allocations in this framework, using both the value function and marginal approaches. Optimality with unbounded growth is also analyzed. Policy issues including the Second Welfare Theorem, pensions, government spending, and optimal taxation, are discussed in chapter 3. The notion of public debt is introduced in chapter 4 and the sustainability of policies with budget deficits/surpluses is examined. The last chapter presents extensions of the model including altruism, education/human capital, and habit formation. Methodological emphasis is put on using general preferences and technologies, on the global study of dynamic aspects of the model, and on furnishing adequate tools to analyze policies involving inter-generational transfers. Table of contents: 1. Competitive equilibria: 1.1 The model 1.2 Main assumptions 1.3 The behavior of the agents 1.4 The temporary equilibrium 1.5 The inter-temporal equilibrium 1.6 Capital dynamics 1.7 Comparison of myopic and perfect foresight 1.8 Applications and extensions 1.9 Conclusion 2. Optimality: 2.1 Optimality of stationary paths 2.2 Optimality of the dynamics 2.3 The planning problem 2.4 Marginal analysis of optimal solutions 2.5 Unbounded optimal growth 2.6 Applications and extensions 2.7 Conclusion 3. Policy: 3.1 The second welfare theorem 3.2 Pensions 3.3 Public spending 3.4 Study of the second-best problem 3.5 Applications and extensions 3.6 Conclusion 4. Debt: 4.1 Diamond's model with debt 4.2 The inter-temporal constraint of the government 4.3 Constant deficit policies 4.4 Constant debt policies 4.5 Applications and extensions 4.6 Conclusion 5. Further issues: 5.1 Dynastic altruism 5.2 Human capital and education 5.3 Inter-generational externalities 5.4 Macro-economics and general equilibrium. This book provides an in-depth treatment of the overlapping generations model in economics incorporating production. Methodological emphasis is put on using general preferences and technologies, on the global study of dynamic aspects of the model, and on furnishing adequate tools to analyze policies involving inter-generational transfers. This book provides an in-depth treatment of the overlapping generations model in economics incorporating production. 396 pages - 85 line diagrams 10 tables Versandfertig in über 4 Wochen, [SC: 0.00], Neuware, gewerbliches Angebot

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A Theory of Economic Growth: Dynamics and Policy in Overlapping Generations - de La Croix, David / La Croix, David de / Michel, Philippe
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de La Croix, David / La Croix, David de / Michel, Philippe:

A Theory of Economic Growth: Dynamics and Policy in Overlapping Generations - used book

ISBN: 9780521806428

ID: 1778825

Inter-generational transfers are at the center of economic policy debates today. Reducing public debt; financing social security; taxing capital and bequests; and designing the education system imply substantial inter-generational transfers. The tool that economists employ to analyze these issues is the overlapping generations model, which reflects the different periods of life. When the model includes capital accumulation, it also allows researchers to formalize the development of an economy, relating its growth path to the savings behavior of young agents. The aim of this book is an in-depth analysis of this model that includes its major policy implications. A Theory of Economic Growth: Dynamics and Policy in Overlapping Generations de La Croix, David / La Croix, David de / Michel, Philippe, Cambridge University Press

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A Theory of Economic Growth: Dynamics and Policy in Overlapping Generations - David de la Croix#Philippe Michel
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David de la Croix#Philippe Michel:
A Theory of Economic Growth: Dynamics and Policy in Overlapping Generations - new book

ISBN: 9780521806428

ID: 861bf3747038c98f624219e993be1a7d

A Theory of Economic Growth: Dynamics and Policy in Overlapping Generations This book provides an in-depth treatment of the overlapping generations model in economics incorporating production. Bücher / Fremdsprachige Bücher / Englische Bücher 978-0-521-80642-8, Cambridge University Press

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A Theory of Economic Growth - de la Croix, David; Michel, Philippe
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de la Croix, David; Michel, Philippe:
A Theory of Economic Growth - new book

ISBN: 9780521806428

ID: 222189

This book provides an in-depth treatment of the overlapping generations model in economics incorporating production. Business Business eBook, Cambridge University Press

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Theory of Economic Growth - David de la Croix; Philippe Michel
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David de la Croix; Philippe Michel:
Theory of Economic Growth - hardcover

2002, ISBN: 9780521806428

ID: 3314871

Hardcover, Buch, [PU: Cambridge University Press]

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Details of the book
A Theory of Economic Growth: Dynamics and Policy in Overlapping Generations
Author:

de La Croix, David; La Croix, David de; Michel, Philippe

Title:

A Theory of Economic Growth: Dynamics and Policy in Overlapping Generations

ISBN:

0521806429

This book provides an in-depth treatment of the overlapping generations model in economics incorporating production.

Details of the book - A Theory of Economic Growth: Dynamics and Policy in Overlapping Generations


EAN (ISBN-13): 9780521806428
ISBN (ISBN-10): 0521806429
Hardcover
Publishing year: 2002
Publisher: CAMBRIDGE UNIV PR
400 Pages
Weight: 0,782 kg
Language: eng/Englisch

Book in our database since 03.06.2007 17:00:43
Book found last time on 23.10.2016 14:03:35
ISBN/EAN: 0521806429

ISBN - alternate spelling:
0-521-80642-9, 978-0-521-80642-8

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