Debt, Deficits and Finite Horizons: The Stochastic Case
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We introduce a solution technique for the study of discrete time stochastic models populated by long-lived agents. We introduce aggregate uncertainty and complete markets into a 'perpetual-youth' model of a kind first studied by Olivier Blanchard and we show that the pure-trade version of the model
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美国国家经济研究局创建时间:
2009-06-01



