A Theory of Economic Growth: Dynamics and Policy in Overlapping Generations

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9780521001151: A Theory of Economic Growth: Dynamics and Policy in Overlapping Generations

Book by de la Croix David Michel Philippe

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

Revue de presse :

'A comprehensive, up-to-date primer on the dynamics of growth theory and fiscal policy, written by two recognized experts in the field. For graduate students, researchers and policy-makers, this book illustrates how to harness solid economic theory in the service of cutting-edge debates about education, social security reform, and public debt management.' Costas Azariadis, University of California, Los Angeles

'The overlapping generations model and the infinitely lived or dynastic model are the two workhorses of modern macroeconomics. De La Croix and Michel have written a wonderfully accessible graduate textbook on the overlapping generations model. They carefully take students through essentially every variant of the model, prove a large number of known results, and offer a few new ones as well. This book is an essential addition as a teaching tool and an invaluable reference on every economist's shelf.' V. V. Chari, University of Minnesota

'In recent decades overlapping generation models have become a central framework of analysis in the research of economic growth. The authors present a comprehensive and lucid exposition of the dynamic structure of the basic overlapping generation features with production. Highly recommended for researchers and graduate students in the fields of growth theory and dynamic macroeconomics.' Oded Galor, Brown University

'Some of the most hotly debated government policies are those that involve redistribution across generations, such as social security and public education. De la Croix and Michel provide a manual of economic tools for evaluating these sorts of policies based on simple overlapping generations models. Their presentation of these models strives to combine applicability for policy analysis with a solid foundation in dynamic general equilibrium theory. Their book should be of use to economists from the level of advanced undergraduate students to researchers and teachers.' Timothy J. Kehoe, University of Minnesota and Federal Reserve Bank of Minneapolis

'David de la Croix and Philippe Michel have written the definitive what's what study of economic growth and policy in the life-cycle growth model. Their book is a treasure for serious economists, both young and old.' Laurence J. Kotlikoff, Boston University

'The overlapping generations model is a cornerstone of contemporary economic theory. De la Croix and Michel provide the first comprehensive textbook devoted to the analysis of these models. The book will be of considerable use to economists studying demographical economics, intergenerational fiscal policies, or more generally any issue related to long-run growth.' Gilles Saint-Paul, Université des Sciences Sociales de Toulouse

'… an excellent introduction to an essential tool in economics …' Journal of Economics

Présentation de l'éditeur :

Provides an in-depth treatment of the overlapping generations model in economics incorporating production. Chapter 1 investigates competitive equilibria and corresponding dynamics: existence and uniqueness of equilibrium, global dynamics of capital (including poverty traps), and various extensions of the model. Chapter 2 analyzes the optimality of allocations in this framework, using both the value function and marginal approaches. Optimality with unbounded growth is also analyzed. Policy issues including the Second Welfare Theorem, pensions, government spending, and optimal taxation, are discussed in chapter 3. The notion of public debt is introduced in chapter 4 and the sustainability of policies with budget deficits/surpluses is examined. The last chapter presents extensions of the model including altruism, education/human capital, and habit formation. Methodological emphasis is put on using general preferences and technologies, on the global study of dynamic aspects of the model, and on furnishing adequate tools to analyze policies involving inter-generational transfers.

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David de La Croix, Philippe Michel
Edité par CAMBRIDGE UNIVERSITY PRESS, United Kingdom (2010)
ISBN 10 : 0521001153 ISBN 13 : 9780521001151
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Description du livre CAMBRIDGE UNIVERSITY PRESS, United Kingdom, 2010. Paperback. État : New. 228 x 152 mm. Language: English . Brand New Book. Provides an in-depth treatment of the overlapping generations model in economics incorporating production. Chapter 1 investigates competitive equilibria and corresponding dynamics: existence and uniqueness of equilibrium, global dynamics of capital (including poverty traps), and various extensions of the model. Chapter 2 analyzes the optimality of allocations in this framework, using both the value function and marginal approaches. Optimality with unbounded growth is also analyzed. Policy issues including the Second Welfare Theorem, pensions, government spending, and optimal taxation, are discussed in chapter 3. The notion of public debt is introduced in chapter 4 and the sustainability of policies with budget deficits/surpluses is examined. The last chapter presents extensions of the model including altruism, education/human capital, and habit formation. Methodological emphasis is put on using general preferences and technologies, on the global study of dynamic aspects of the model, and on furnishing adequate tools to analyze policies involving inter-generational transfers. N° de réf. du libraire AAZ9780521001151

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David de la Croix, Philippe Michel
Edité par Cambridge University Press 2002-10-24, Cambridge (2002)
ISBN 10 : 0521001153 ISBN 13 : 9780521001151
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Description du livre Cambridge University Press 2002-10-24, Cambridge, 2002. paperback. État : New. N° de réf. du libraire 9780521001151

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David de la Croix, Philippe Michel
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Description du livre Cambridge University Press. Paperback. État : new. BRAND NEW, A Theory of Economic Growth: Dynamics and Policy in Overlapping Generations, David de la Croix, Philippe Michel, Provides an in-depth treatment of the overlapping generations model in economics incorporating production. Chapter 1 investigates competitive equilibria and corresponding dynamics: existence and uniqueness of equilibrium, global dynamics of capital (including poverty traps), and various extensions of the model. Chapter 2 analyzes the optimality of allocations in this framework, using both the value function and marginal approaches. Optimality with unbounded growth is also analyzed. Policy issues including the Second Welfare Theorem, pensions, government spending, and optimal taxation, are discussed in chapter 3. The notion of public debt is introduced in chapter 4 and the sustainability of policies with budget deficits/surpluses is examined. The last chapter presents extensions of the model including altruism, education/human capital, and habit formation. Methodological emphasis is put on using general preferences and technologies, on the global study of dynamic aspects of the model, and on furnishing adequate tools to analyze policies involving inter-generational transfers. N° de réf. du libraire B9780521001151

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David de la Croix, Philippe Michel
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Description du livre Paperback. État : New. Not Signed; Provides an in-depth treatment of the overlapping generations model in economics incorporating production. Chapter 1 investigates competitive equilibria and corresponding dynamics: existence and uniqueness of equilibrium, global dynamics of capital (including poverty traps), and various extensions o. book. N° de réf. du libraire ria9780521001151_rkm

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Description du livre État : New. Depending on your location, this item may ship from the US or UK. N° de réf. du libraire 97805210011510000000

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de la Croix, David, Michel, Philippe
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Description du livre Cambridge University Press, 2002. État : New. 2002. 0th Edition. Paperback. This book provides an in-depth treatment of the overlapping generations model in economics incorporating production. Num Pages: 398 pages, 85 b/w illus. 10 tables. BIC Classification: GTF; JPA; KCP. Category: (P) Professional & Vocational. Dimension: 228 x 153 x 20. Weight in Grams: 602. Dynamics and Policy in Overlapping Generations. 398 pages, 85 b/w illus. 10 tables. This book provides an in-depth treatment of the overlapping generations model in economics incorporating production. Cateogry: (P) Professional & Vocational. BIC Classification: GTF; JPA; KCP. Dimension: 228 x 153 x 20. Weight: 534. . . . . . . N° de réf. du libraire V9780521001151

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David de La Croix, Philippe Michel
Edité par CAMBRIDGE UNIVERSITY PRESS, United Kingdom (2010)
ISBN 10 : 0521001153 ISBN 13 : 9780521001151
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The Book Depository US
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Description du livre CAMBRIDGE UNIVERSITY PRESS, United Kingdom, 2010. Paperback. État : New. 228 x 152 mm. Language: English . Brand New Book. Provides an in-depth treatment of the overlapping generations model in economics incorporating production. Chapter 1 investigates competitive equilibria and corresponding dynamics: existence and uniqueness of equilibrium, global dynamics of capital (including poverty traps), and various extensions of the model. Chapter 2 analyzes the optimality of allocations in this framework, using both the value function and marginal approaches. Optimality with unbounded growth is also analyzed. Policy issues including the Second Welfare Theorem, pensions, government spending, and optimal taxation, are discussed in chapter 3. The notion of public debt is introduced in chapter 4 and the sustainability of policies with budget deficits/surpluses is examined. The last chapter presents extensions of the model including altruism, education/human capital, and habit formation. Methodological emphasis is put on using general preferences and technologies, on the global study of dynamic aspects of the model, and on furnishing adequate tools to analyze policies involving inter-generational transfers. N° de réf. du libraire AAZ9780521001151

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Description du livre Cambridge University Press, 2002. PAP. État : New. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. N° de réf. du libraire GB-9780521001151

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De La Croix, David
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ISBN 10 : 0521001153 ISBN 13 : 9780521001151
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Description du livre Cambridge University Press, 2016. Paperback. État : New. PRINT ON DEMAND Book; New; Publication Year 2016; Not Signed; Fast Shipping from the UK. No. book. N° de réf. du libraire ria9780521001151_lsuk

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de la Croix, David, Michel, Philippe
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Description du livre Cambridge University Press. État : New. 2002. 0th Edition. Paperback. This book provides an in-depth treatment of the overlapping generations model in economics incorporating production. Num Pages: 398 pages, 85 b/w illus. 10 tables. BIC Classification: GTF; JPA; KCP. Category: (P) Professional & Vocational. Dimension: 228 x 153 x 20. Weight in Grams: 602. Dynamics and Policy in Overlapping Generations. 398 pages, 85 b/w illus. 10 tables. This book provides an in-depth treatment of the overlapping generations model in economics incorporating production. Cateogry: (P) Professional & Vocational. BIC Classification: GTF; JPA; KCP. Dimension: 228 x 153 x 20. Weight: 534. . . . . . Books ship from the US and Ireland. N° de réf. du libraire V9780521001151

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