Recent theoretical advances in consumption theory suggest that there may exist predictable consumption surges which, if not taken sufficiently into account in forecasting, may lead to predictable forecast errors. We use this insight to identify economic variables that might help improve the...

Recent theoretical advances in consumption theory suggest that there may exist predictable consumption surges which, if not taken sufficiently into account in forecasting, may lead to predictable forecast errors. We use this insight to identify economic variables that might help improve the...

This study investigates the influence of the demographic ageing process in Germany on the long-term economic growth path. For this purpose a macroeconomic simulation model which combines demographic forecasts with a modified Ramsey growth model is applied. Special focus is put on the consumption...

Population ageing and decline are inescapable facts for Germany which are expected to have - especially due to the labour force decrease - negative impacts on the economy. In this context it is often referred to the possibility of countering potentially negative economic effects of population...

Population ageing and decline are inescapable facts for Germany which are expected to have - especially due to the labour force decrease - negative impacts on the economy. In this context it is often referred to the possibility of countering potentially negative economic effects of population...

This study investigates the influence of the demographic ageing process in Germany on the long-term economic growth path. For this purpose a macroeconomic simulation model which combines demographic forecasts with a modified Ramsey growth model is applied. Special focus is put on the consumption...