Optimal sequence of inter-generational borrowing and lending leading to escape from the poverty trap through an invisible hand

DOI10.1023/A:1008783414017zbMath0974.91525OpenAlexW2000358008MaRDI QIDQ5928988

Mehrdaad Ghorashi

Publication date: 16 December 2001

Published in: Computational Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1023/a:1008783414017

zbMATH Keywords

overlapping generationsgolden ruleinvisible handmultiple equilibriumpoverty traptransfer payments

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Mathematical geography and demography (91D20)

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