The Cagan schedule in an overlapping generations setting

Geoffrey H. Kingston

doi:10.1016/0165-1765(84)90041-7

The Cagan schedule in an overlapping generations setting

Geoffrey H. Kingston^*

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

Abstract

Cagan's portfolio balance schedule under rational expectations is generated by an overlapping generations model. Tenuousness of the equilibrium described by Cagan's schedule can be interpreted as following from a requirement that the old generation be risk neutral.

Original language	English
Pages (from-to)	41-45
Number of pages	5
Journal	Economics Letters
Volume	15
Issue number	1-2
DOIs	https://doi.org/10.1016/0165-1765(84)90041-7
Publication status	Published - 1984
Externally published	Yes

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title = "The Cagan schedule in an overlapping generations setting",

abstract = "Cagan's portfolio balance schedule under rational expectations is generated by an overlapping generations model. Tenuousness of the equilibrium described by Cagan's schedule can be interpreted as following from a requirement that the old generation be risk neutral.",

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The Cagan schedule in an overlapping generations setting

Abstract

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