Macroeconomic Consequences of Demographic Change / Lecture Notes in Economics and Mathematical Systems Bd.621 (PDF)
This book presents a new computational approach to solving large-scale Auerbach-Kotlikoff Overlapping Generations (OLG) models in a complementarity format. Unlike with integrated solution methods, the proposed decomposition algorithm allows for the...
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This book presents a new computational approach to solving large-scale Auerbach-Kotlikoff Overlapping Generations (OLG) models in a complementarity format. Unlike with integrated solution methods, the proposed decomposition algorithm allows for the solution of multi-regional and multi-sectoral OLG models that exhibit a large number of heterogeneous consumers and a variety of household-specific effects. By broadening the scope of economic analysis, this new approach provides a powerful tool for applied general equilibrium modelers. In this book, the algorithm is applied to the macroeconomics of demographic change, demonstrating its flexibility and scope as a solution concept. With a specific analysis on the implications of globally unsynchronized demographic patterns for international trade, the book also explores the sectoral and distributional consequences of an aging population in Germany.
- Autor: Sebastian Rausch
- 2009, 2009, 135 Seiten, Englisch
- Verlag: Springer-Verlag GmbH
- ISBN-10: 3642001467
- ISBN-13: 9783642001468
- Erscheinungsdatum: 03.04.2009
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- Grösse: 2.61 MB
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