LIBROS DEL AUTOR: stephen e spear

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  • Overlapping Generations
    Stephen E. Spear / Warren Young
    The 800 pound gorilla in the room of macroeconomics is the question of why the overlapping generations model didn’t become the central workhorse model for macroeconomics. Introduced in 1958 by Paul Samuelson, the model postulates an infinite number of finite-lived families. This is in stark contrast to the more dominant neoclassical growth model, which is based on the assumptio...
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