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The paper focuses on the demographic and labour market consequences of the dramatic decline in fertility that has characterized China starting at the beginning of the ‘50s. It is shared opinion that a sustained decline in fertility below replacement level will provoke a decline in Total...
Persistent link: https://www.econbiz.de/10009131565
The paper focuses on the demographic and labour market consequences of the dramatic decline in fertility that has characterized China starting at the beginning of the ‘50s. It is shared opinion that a sustained decline in fertility below replacement level will provoke a decline in Total...
Persistent link: https://www.econbiz.de/10008853888
Persistent link: https://www.econbiz.de/10005344665
development of adjacent age groups is assured allowing for consistent forecasts. We develop an appropriate Markov Chain Monte … approach we are able to asses uncertainty intuitively by constructing error bands for the forecasts. We observe that in … particular parameter uncertainty is important for long-run forecasts. This implies that hitherto existing forecasting methods …
Persistent link: https://www.econbiz.de/10010609985
. We investigate the impact of demography on the Swedish real exchange rate, measured as the real TCW index, during 1960 to … exchange rate. A model using age shares alone as regressors is used for medium term out-of-sample forecasts, outperforming both … a naive forecast and forecasts based on an autoregressive model. Finally we use the estimated model in order to make …
Persistent link: https://www.econbiz.de/10005644577
. We investigate the impact of demography on the Swedish real exchange rate, measured as the real TCW index, during 1960 to …
Persistent link: https://www.econbiz.de/10005634536
Macroeconomic theory predicts that variations in population cohort sizes will lead to demographically induced real exchange rate movements. While such effects have previously been established for individual countries, this paper exploits cross-sectional time series data to test the prediction...
Persistent link: https://www.econbiz.de/10005475773
main demographic forecasts up until the end of the century, and highlight the major challenges for cities. We conclude with …
Persistent link: https://www.econbiz.de/10010899733
development of adjacent age groups is assured allowing for consistent forecasts. We develop an appropriate Markov Chain Monte … approach we are able to asses uncertainty intuitively by constructing error bands for the forecasts. We observe that in … particular parameter uncertainty is important for long-run forecasts. This implies that hitherto existing forecasting methods …
Persistent link: https://www.econbiz.de/10005784846
development of adjacent age groups is assured allowing for consistent forecasts. We develop an appropriate Markov Chain Monte … approach we are able to asses uncertainty intuitively by constructing error bands for the forecasts. We observe that in … particular parameter uncertainty is important for long-run forecasts. This implies that hitherto existing forecasting methods …
Persistent link: https://www.econbiz.de/10010276366