The demographic transition in Eastern Europe and Central Asia -- Demographic change and labor markets -- Aging, savings, and financial markets -- Aging and pension expenditures -- Aging, long term care, and public expenditures -- Aging and education

This paper examines the macroeconomic consequences of future demographic trends for economic growth, financial markets and public finances. It shows that in the absence of reforms and responses by economic agents, the currently projected demographic trends imply a decline in average real GDP...

"This volume focuses on current issues of debate in the area of modern macroeconomics and money, written from (a broadly interpreted) post Keynesian perspective. The papers connect with Philip Arestis' contributions to macroeconomics and money, and pay tribute to his distinguished...