Existence and optimality of currency equilibrium in stochastic overlapping generations models: The pure endowment case

Time to Build and Aggregate Fluctuations

Finn E. Kydland, Edward C. Prescott · Econometrica · 1982 · 5.9K citations

Computing, Economics, Financial Economics +5

The overlapping-generations model, I: The case of pure exchange without money

Yves Balasko, Karl Shell · Journal of Economic Theory · 1980 · 302 citations

Social Sciences, Economics, Macroeconomics +4

Informational diversity over time and the optimality of monetary equilibria

Dan Peled · Journal of Economic Theory · 1982 · 70 citations

Social Sciences, Economics, Information Theory +13

Rational expectations in the overlapping generations model

Stephen E. Spear · Journal of Economic Theory · 1985 · 63 citations

Social Sciences, Economics, Behavioral Economics +4

Dominant root characterization of Pareto optimality and the existence of optimal equilibria in stochastic overlapping generations models

S. Rao Aiyagari, Dan Peled · Journal of Economic Theory · 1991 · 63 citations

Social Sciences, Economics, Microeconomics +7