Modeling overlapping generations in a complementary format
Article Abstract:
Numerical simulation of overlapping generation models with perfect foresight and finite lifetimes is introduced. The fundamental characteristics of this class of problems and the illustration of GAMS programs on how models can be formulated in applied research using the complementarity framework are addressed.
Publication Name: Journal of Economic Dynamics & Control
Subject: Economics
ISSN: 0165-1889
Year: 2004
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Durable goods and the forward-looking theory of consumption: estimates implied by the dynamic effects of money
Article Abstract:
Use of forward-looking consumption model to analyze the monetary impact on prices, supply and demand of durable goods in United States is presented.
Publication Name: Journal of Economic Dynamics & Control
Subject: Economics
ISSN: 0165-1889
Year: 2006
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