shocks. Consistent with the empirical evidence, the simulation results of the model show that the consumption of retirees is …English Abstract: This paper explores the heterogeneous effects of monetary policy on consumption between workers and … retirees. Using household-level data from the U.S., Italy, Japan and Korea, we first show that the consumption of retirees …

while its main originality is to permit a macroeconomic linkage whether with a endogenous growth function or with a …

lightness while its main originality is to permit a macroeconomic linkage whether with a endogenous growth function or with a …

economic growth will significantly benefit from demographic dividends, demographic change does not improve per capita GDP. In …

variables move over time and analyzes how they influence macroeconomic variables such as economic growth, inflation, savings and …

is expected to substantially change labour supply, consumption, and savings ratios, dampen growth prospects and …

variables move over time and analyzes how they influence macroeconomic variables such as economic growth, inflation, savings and …