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This paper simulates the macroeconomic effects of population aging in a dynamic overlapping generations model of a … small open economy. The model is calibrated to data for the Czech Republic, where population aging is proceeding at a pace … comparable to that in other advanced countries in Europe. Simulations show that population aging is likely to slow economic …
Persistent link: https://www.econbiz.de/10005264152
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 …
Persistent link: https://www.econbiz.de/10005769220
This paper explores the global impact of population aging, using a calibrated overlapping generations model of eight …
Persistent link: https://www.econbiz.de/10005605062
This Selected Issues paper for Denmark shows that a demographic shift will have several impacts on the economy. The decline in the relative size of the labor force will result in relatively fewer goods produced. This effect will be particularly strong, because a large portion of the current...
Persistent link: https://www.econbiz.de/10011244195
Persistent link: https://www.econbiz.de/10011244751
This Selected Issues paper investigates the possible contribution of activation strategies—in a broad sense—to improve employment rates in Finland. It summarizes recent labor market developments in Finland, and investigates respectively the limitation of current unemployment and...
Persistent link: https://www.econbiz.de/10011244764
The U.S. economy continued to grow strongly over the year even in the face of a withdrawal of monetary stimulus and high oil prices. Executive Directors commended the Federal Reserve for its monetary tightening. They recognized that the financial sector has proven innovative and resilient. They...
Persistent link: https://www.econbiz.de/10011244857
The three-point VAT increase is part of a package in which unemployment payroll taxes will be reduced. Risks to the recovery are balanced but the range of forecasts for 2007 is unusually wide. The priority for Germany is to transmit its external strength to the domestic economy, thus further...
Persistent link: https://www.econbiz.de/10011244866
It is vital to achieve both high levels of sustained, long lasting growth and better income distribution through the Accelerated Growth Strategy in Senegal. In terms of macroeconomic performance, the annual average growth rate dropped owing to exogenous shocks and low productivity in the...
Persistent link: https://www.econbiz.de/10011244968
This 2007 Article IV Consultation highlights that Japan’s external position remains strong. Boosted by investment income, the current account surplus widened in 2006 to nearly 4 percent of Japan’s GDP, despite a shrinking trade balance. Financial outflows also picked up, reflecting...
Persistent link: https://www.econbiz.de/10011244973