𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Social security as Markov equilibrium in OLG models

✍ Scribed by Lorenzo Forni

Book ID
113873368
Publisher
Elsevier Science
Year
2005
Tongue
English
Weight
231 KB
Volume
8
Category
Article
ISSN
1096-0929

No coin nor oath required. For personal study only.

πŸ“œ SIMILAR VOLUMES

Computing equilibrium in OLG models with
Computing equilibrium in OLG models with stochastic production
✍ Dirk Krueger; Felix Kubler πŸ“‚ Article πŸ“… 2004 πŸ› Elsevier Science 🌐 English βš– 355 KB

In this paper we develop a projection algorithm to approximate equilibria in overlapping generations economies with a large number of generations and stochastic aggregate production. In these types of economies the state space includes the distribution of wealth across generations. We use Smolyak's