Economic theory suggests that a permanent rise in terms of trade should result in a permanent rise in the standard of …

the world. Second, a fraction of households in every country maintains a fixed share of equity in their portfolios. In our …

The world will experience dramatic demographic change over this century. This paper examines the impacts of this global …-sector general equilibrium model. Using a detailed structural model, we simulate demographic shocks of six regions in the world … economy as well as Australian own demographic shock to investigate their impacts on Australian macroeconomic conditions …

demographic shocks in six regions of the world economy to understand how each shock individually affects the world economy and …The world has been experiencing dramatic demographic change since the 1950s, with almost all countries facing ageing … change will have significant impacts on each region's GDP, which will change the landscape of the world economy. However, the …

shock, achieve larger welfare gains by reducing default risk …