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Model. In addition to a baseline scenario based on the main population projection of Statistics Austria, we simulate the … macroeconomic development in Austria till 2070. We also compare the new results with results from the previous update in 2010. …
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We use the Austrian Long-run Macroeconomic Model (A-LMM) for a long-term projection of the Austrian economy until 2070. Our baseline scenario is the input for micro-simulation models of the Austrian pension insurance system. A-LMM is a neoclassical growth model replicating stylised facts about...
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