Necessary and sufficient conditions for determinacy of asymptotically stationary equilibria in OLG models

A-Tier
Journal: Journal of Economic Theory
Year: 2022
Volume: 204
Issue: C

Authors (2)

Gorokhovsky, Alexander (not in RePEc) Rubinchik, Anna (University of Haifa)

Score contribution per author:

2.011 = (α=2.01 / 2 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We propose a criterion for verifying whether an equilibrium of an overlapping-generations model is amenable to local policy analysis, i.e., is determinate. The criterion is applicable for a generic set of parameters of the model, and in case of indeterminacy, it indicates the nature of the problem: multiplicity of equilibria or their absence for near-by parameters.

Technical Details

RePEc Handle
repec:eee:jetheo:v:204:y:2022:i:c:s0022053122000862
Journal Field
Theory
Author Count
2
Added to Database
2026-01-29