This book represents both a textbook and a monograph. Part I entitled Basics mainly contains textbook material and this is also partly true for Part II. Here the precise de nition and characterization of the not so well-known notion of interg- erational ef ciency within Diamond s two-period overlapping generations model gures prominently. In Part III, a renewable natural resource is introduced in the log-linear Cobb-Douglas overlapping generations model, and the ef ciency c- cepts developed in Part II are applied. The balance among material for a textbook und for a monograph is approximately...

This textbook guides the reader towards various aspects of growth and international trade in a Diamond-type overlapping generations framework. Using the same model type throughout the book, timely topics such as growth with bubbles, debt reduction in rich countries and policies to mitigate climate change are explored . The first part starts from the "old" growth theory and bridges to the "new" growth theory (including R&D and human capital approaches). The second part presents an intertemporal equilibrium theory of inter and intra-sectoral trade and concludes by analyzing the debt mechanics...

This book represents both a textbook and a monograph. Part I entitled Basics mainly contains textbook material and this is also partly true for Part II. Here the precise de nition and characterization of the not so well-known notion of interg- erational ef ciency within Diamond s two-period overlapping generations model gures prominently. In Part III, a renewable natural resource is introduced in the log-linear Cobb-Douglas overlapping generations model, and the ef ciency c- cepts developed in Part II are applied. The balance among material for a textbook und for a monograph is approximately...