We study the long-run interaction between Germany’s economic growth trajectory and demographic aging. Using a … 2070. We account for the inherent uncertainty in our projections using Bayesian estimation techniques. Overall, Germany …, coupled with sluggish total factor productivity and investment trend growth, contributes to the decline. Our results highlight …

workers contribute positively. We propose a theoretical model, highlighting the relationship between demographics, innovation …

workers contribute positively. We propose a theoretical model, highlighting the relationship between demographics, innovation …

workers contribute positively. We propose a theoretical model, highlighting the relationship between demographics, innovation …

savings and investment. Jointly with meagre productivity growth, this implies a low natural rate of interest that conditions …, artificial intelligence, automation) may increase productivity growth but at the risk of having disruptive effects on employment …