Balassone, Fabrizio; Cunha, Jorge; Langenus, Geert; … - Nationale Bank van België/Banque national de Belqique (BNB) - 2009
In this paper we examine the sustainability of euro area public finances against the backdrop of population ageing. We critically assess the widely used projections of the Working Group on Ageing Populations (AWG) of the EU's Economic Policy Committee and argue that ageing costs may be higher...
