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The world will experience dramatic demographic change over this century. This paper examines the impacts of this global …-sector general equilibrium model. Using a detailed structural model, we simulate demographic shocks of six regions in the world …, economic structure and trade patterns. The results suggest that demographic change in different regions of the world economy …
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The world has been experiencing dramatic demographic change since the 1950s, with almost all countries facing ageing … demographic shocks in six regions of the world economy to understand how each shock individually affects the world economy and … change will have significant impacts on each region's GDP, which will change the landscape of the world economy. However, the …
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This paper models the global financial crisis as a combination of shocks to global housing markets and sharp increases in risk premia of firms, households and international investors in a global economic model. The model has six sectors of production and trade in 15 major economies and regions....
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This paper models the global financial crisis as a combination of shocks to global housing markets and sharp increases in risk premia of firms, households and international investors in a global economic model. The model has six sectors of production and trade in 15 major economies and regions....
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