We use a sufficient statistic approach to quantify the general equilibrium effects of population aging on wealth accumulation, expected asset returns, and global imbalances. Combining population forecasts with household survey data from 25 countries, we measure the compositional effect of aging:...

Rezension: Die Auswirkungen der Globalisierung und Prognosen hierzu werden in diesem Buch grafisch dargestellt, Lösungsansätze und Erklärungen geliefert. Es geht u.a. um Klima, Urbanisierung, Gewalt, Migration, Ernährung oder Kultur. Rezension (ekz): In diesem schweren Hardcover werden die...

The study evaluates the efficiency of government intervention using a vertical structured model including imperfectly competitive agricultural input markets, the bread grain market, and the imperfectly competitive food industry. To test for policy efficiency the actually observed bread grain...