Publication: General dynamics in overlapping generations models
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1993
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Facultad de Ciencias Económicas y Empresariales. Instituto Complutense de Análisis Económico (ICAE)
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Abstract
Se analiza en este trabajo las dinámicas generadas por las soluciones de equilibrio en un modelo de generaciones sucesivas con producción. El punto de vista adoptado es el inverso. Es decir, se parte de una dinámica dos veces diferenciable cualquiera, y se caracterizan y se construyen las clases de economías que generan esta dinámica. Se prueba que dinámicas arbitrariamente caóticas pueden ser generadas por modelos convencionales. Para conseguir estos resultados, se introduce una técnica basada en las ecuaciones diferenciales en derivadas parciales.
In this article we analyse the dynamics generated by the equilibrium solution in an overlapping generations model with production. We adopt an inverse approach to characterise and construct the class of economies that generates any twice continuously differentiable dynamics. To do this we introduce a technique based on the theory of partial differential equations
In this article we analyse the dynamics generated by the equilibrium solution in an overlapping generations model with production. We adopt an inverse approach to characterise and construct the class of economies that generates any twice continuously differentiable dynamics. To do this we introduce a technique based on the theory of partial differential equations
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