economies—Hong Kong SAR, Japan, Singapore, Malaysia, and the Philippines—for the period 1997–2050 using a simulation approach …

The paper develops a general equilibrium framework to examine the economic implications of population aging in Japan … assess the impact of aging on Japan's government finances; and (ii) compare fiscal policy options with respect to their … implications of population aging in Japan. Particular attention is paid to aggregate saving behavior which is modeled on the basis …

reassess national savings behavior, with greater prominence and more careful consideration given to the role played by changing … literature. Going further, we simulate global savings behavior based on our framework and find that China’s demographics should … decades, individual countries’ convergence toward the simulated savings pattern will be influenced by their past divergences …

The global crisis had a severe impact on the Italian economy despite elements of strength such as high private savings …