COWLES FOUNDATION FOR RESEARCH IN ECONOMICS
AT YALE UNIVERSITY

Box 208281
New Haven, CT 06520-8281

COWLES FOUNDATION DISCUSSION PAPER NO. 773

"Comparative Statics and Local Indeterminacy in OLG Economics:
An Application of the Multiplicative Ergodic Theorem"

John Geanakoplos and Donald J. Brown

October 1985

This study is an effort to give a simple measure of the local size of the equilibrium set of OLG economies in which there may be more than one good and more than one consumer per period, and in which the generations may differ across time.

JEL Classification: 021

Keywords: OLG economics, overlapping generations, equilibrium