Balassone, Fabrizio; Cunha, Jorge; Langenus, Geert; … - Volkswirtschaftliches Forschungszentrum <Frankfurt, Main> - 2009
In this paper we examine the sustainability of euro area public finances against thebackdrop of population ageing. We critically assess the widely used projections of theWorking Group on Ageing Populations (AWG) of the EU's Economic PolicyCommittee and argue that ageing costs may be higher than...