Economic Growth (Overlapping Generations)

Economic Growth (Overlapping Generations)

ID:39395180

大小:2.12 MB

页数:398页

时间:2019-07-02

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1、ThispageintentionallyleftblankATheoryofEconomicGrowthThisbookprovidesanin-depthtreatmentoftheoverlappinggenera-tionsmodelineconomicsincorporatingproduction.Inchapter1,theauthorsinvestigatecompetitiveequilibriaandcorrespondingdynamics:existenceanduniquenessofequilibrium,globaldynamicsofcap

2、ital(in-cludingpovertytraps),andvariousextensionsofthemodel.Chapter2analyzestheoptimalityofallocationsinthisframework,usingboththevaluefunctionandmarginalapproaches.Optimalitywithunboundedgrowthisalsoanalyzed.Policyissues,includingtheSecondWelfareTheorem,pensions,governmentspending,andopt

3、imaltaxation,arediscussedinchapter3.Thenotionofpublicdebtisintroducedinchap-ter4,andthesustainabilityofpolicieswithbudgetdeficits/surplusesisexamined.Thelastchapterpresentsextensionsofthemodelincludingaltruism,education/humancapital,andhabitformation.Methodolog-icalemphasisisputonusinggene

4、ralpreferencesandtechnologies,ontheglobalstudyofdynamicaspectsofthemodel,andonfurnishingad-equatetoolstoanalyzepoliciesinvolvinginter-generationaltransfers.DaviddelaCroixisProfessorofEconomicsattheUniversit´ecatholiquedeLouvainandResearchAssociateoftheNationalFundforScientificResearchinBel

5、gium.Hehasservedasavisitingprofes-sorattheUniversityofCalifornia,LosAngeles.ProfessordelaCroix’sresearchinterestsinmacro-economicsincludedemographics,overlap-pinggenerationsandhumancapital,andgrowthandcycles.HehaspublishedarticlesinleadingrefereedjournalssuchastheJournalofEconomicTheory,E

6、uropeanEconomicReview,JournalofEconomicDynamicsandControl,JournalofAppliedEconomics,ReviewofEco-nomicDynamics,andJournalofPopulationEconomics.PhilippeMichelisProfessorofEconomicsatGREQAM,Universit´edelaM´editerran´ee(Aix-MarseilleII)andaseniormemberofInstitutUni-versitairedeFrance.Hetaugh

7、tpreviouslyattheUniversit´edeParisI.Theauthororcoauthorofsixbooks,mostrecentlyMonnaie,Dette,etCapital(1999),ProfessorMichel’sresearcharticleshaveappearedinprominentjournalssuchasEconometrica,ReviewofEconomicStudies,JournalofEconomicTheory,JournalofOptimizationTheory

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