Time Preference and International Lending and Borrowing in an Overlapping-Generations Model
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Two economies, represented by Diamond-type overlapping-generations models and differing only in their pure rates of time preference, are joined together. Capital formation, balance-of-payments behavior, and welfare are compared under autarky and openness. With a positive natural rate of growth, the
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美国国家经济研究局创建时间：
1979-05-01
