Tractable Graphical Device for Analyzing Stationary SOLG Economies

18 Pages Posted: 9 Apr 2013

See all articles by Eisei Ohtaki

Eisei Ohtaki

Kanagawa University - Department of Economics

Date Written: June 9, 2012

Abstract

This article develops a tractable graphical device for analyzing the stochastic overlapping generations (SOLG) economy. In this paper, the graphical device is applied to the theoretical study on stochastic bubbles per Weil [”Confidence and the real value of money in an overlapping generations economy,” Quarterly Journal of Economics 102 (1987), 1-22] and gives new insights into the issue.

Keywords: Box diagram, Stochastic overlapping generations model

JEL Classification: D50, D62, D81, E40

Suggested Citation

Ohtaki, Eisei, Tractable Graphical Device for Analyzing Stationary SOLG Economies (June 9, 2012). Tokyo Center for Economic Research (TCER) Paper No. E-46, Available at SSRN: https://ssrn.com/abstract=2247184 or http://dx.doi.org/10.2139/ssrn.2247184

Eisei Ohtaki (Contact Author)

Kanagawa University - Department of Economics ( email )

3-27-1 Rokkakubashi, Kanagawa-ku
Yokohama, Kanagawa 221-8686
Japan

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