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Demographic Change in Asia : The Impacton Optimal National Saving, Investment, and the Current Account

McDonald, Ian - 2000

This paper calculates the levels of optimal national saving, investment, and the current account balance for five Asian economies—Hong Kong SAR, Japan, Singapore, Malaysia, and the Philippines—for the period 1997–2050 using a simulation approach. These calculations show the sensitivity of...

Persistent link: https://www.econbiz.de/10014399958

China's high savings : drivers, prospects, and policies

Zhang, Longmei; Brooks, Ray; Ding, Ding; Ding, Haiyan; … - 2018

China's high national savings rate-one of the highest in the world-is at the heart of its external/internal imbalances …. High savings finance elevated investment when held domestically, or lead to large external imbalances when they flow abroad …. Today, high savings mostly emanate from the household sector, resulting from demographic changes induced by the one …

Persistent link: https://www.econbiz.de/10011978615

Korea's growth prospects : overcoming demographics and COVID-19

Swiston, Andrew - 2021

Korea's economy has leaped to high-income status thanks to several decades of sustained high growth. However, population aging and shifts in global demand provide headwinds for future growth and Korea now faces the effects of COVID-19 on economic activity. This paper asseses the expected drag on...

Persistent link: https://www.econbiz.de/10012604751

Demographic transition and pension reforms : adding demographics to GIMF

Carton, Benjamin; Fernandez-Corugedo, Emilio; Hunt, … - 2020

The Global Integrated Monetary and Fiscal model (GIMF) is a multi-region, forward-looking, DSGE model developed at the International Monetary Fund for policy analysis and international economic research. This paper documents the incorporation of demographic features into the model. The analysis...

Persistent link: https://www.econbiz.de/10012300678

China’s demography and its implications

Lee, Il Houng; Qingjun, Xu; Syed, Murtaza - 2013

Persistent link: https://www.econbiz.de/10009726452

Impact of demographic changes on inflation and the macroeconomy

Yoon, Jong-won; Kim, Jinill; Lee, Jungjin - 2014

Persistent link: https://www.econbiz.de/10010479415

The impact of rapid aging and pension reform on savings and the labor supply : the case of China

He, Hui; Ning, Lei; Zhu, Dongming - 2019

We study, both empirically and quantitatively, the role of savings and the labor supply in self-insurance channels over … social security benefits for the period 1995-2009. We find that both savings and the labor supply are quantitatively … adjustment to savings and labor supply have significant macroeconomic implications. Applying the model to China, we find that the …

Persistent link: https://www.econbiz.de/10012009609

Demographics, old-age transfers and the current account

Dao, Mai; Jones, Callum - 2018

Building on the evolving literature on the topic, this paper reviews the relationship between demographics and long-run capital flows in both theory and in the data. For this purpose, we develop a two region overlapping generations model where countries differ in their population growth and...

Persistent link: https://www.econbiz.de/10011978549

Demographics, pension systems and the saving-investment balance

Chai, Hua; Kim, Jun-il - 2018

This paper studies the effect of demographic change on national saving, global interest rates, and international capital flows, focusing on the role of the public pension system. We develop a small open economy overlapping generations model to illustrate the channels through which demographic...

Persistent link: https://www.econbiz.de/10011978553

Impact of Demographic Changes on Inflation and the Macroeconomy

Yoon, Jong-Won - 2014

variables move over time and analyzes how they influence macroeconomic variables such as economic growth, inflation, savings and …

Persistent link: https://www.econbiz.de/10014411766

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