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 …

significant link between demographic structures and per capita income growth. …

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 … effects on output growth and economic welfare. The paper develops a general equilibrium framework to examine the economic …

literature. Going further, we simulate global savings behavior based on our framework and find that China’s demographics should … and future policy choices. Other implications arising from China’s demography, including the growth model, the pension …

interest in the consequent growth dividend, the size and circumstances of the potential gains remain under-explored. This study … dividend. The main finding is that there is a large and significant growth impact of both the level and growth rate of the …-state migration. The results imply that a substantial fraction of the growth acceleration that India has experienced since the 1980s …

of growth (through gains in productivity) are seen as offering a complementary, though limited, response. …

of growth (through gains in productivity) are seen as offering a complementary, though limited, response. …

This Selected Issues paper reviews recent developments in growth and employment in Bulgaria and highlights key … constraints to growth suggested by cross-country competitiveness studies. Bulgaria’s GDP has grown substantially since economic … and financial stabilization in 1997. The global economic crisis had a major effect on Bulgarian growth and employment …

well as economic growth. The analysis of eleven transition countries—comprising some of the most advanced as well as some …