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Why aging induces deflation and secular stagnation

Braun, R. Anton; Ikeda, Daisuke - 2022

We provide a quantitative theory of deflation and secular stagnation. In our lifecycle framework, an aging population … puts persistent downward pressure on the price level, real interest rates, and output. A novel feature of our theory is …

Persistent link: https://www.econbiz.de/10013382196

The long-run effects of fiscal rebalancing in a heterogeneous-agent model

Cahn, Christophe; Fève, Patrick; Matheron, Julien - 2024

Persistent link: https://www.econbiz.de/10014636126

Output dynamics, technology, and public investment

Bom, Pedro R. D.; Heijdra, Ben J.; Ligthart, Jenny E. - 2010

Persistent link: https://www.econbiz.de/10008858806

Perpetual youth and endogenous labor supply : a problem and a possible solution

Ascari, Guido; Rankin, Neil - In: Journal of macroeconomics 29 (2007) 4, pp. 708-723

Persistent link: https://www.econbiz.de/10003586687

Output dynamics, technology, and public investment

Bom, Pedro R. D.; Heijdra, Ben J.; Ligthart, Jenny E. - 2010

Persistent link: https://www.econbiz.de/10003987203

Perpetual youth and endogenous labour supply : a problem and a possible solution

Ascari, Guido (contributor); Rankin, Neil (contributor) - 2004 - This version: December 2003

In the "perpetual youth" overlapping-generations model of Blanchard and Yaari, if leisure is a "normal" good then some agents will have negative labour supply. We suggest a solution to this problem by using a modified version of Greenwood, Hercowitz and Huffman's utility function. The...

Persistent link: https://www.econbiz.de/10002420833

Perpetual Youth and Endogenous Labour Supply : A Problem and a Possible Solution

Ascari, Guido; Rankin, Neil - 2021

Persistent link: https://www.econbiz.de/10013319347

Perpetual youth and endogenous labor supply : a problem and a possible solution

Ascari, Guido - 2004

Persistent link: https://www.econbiz.de/10013434682

Output Dynamics, Technology, and Public Investment

Bom, Pedro - 2010

The paper studies the dynamic output effects of public infrastructure investment in a small open economy. We develop an overlapping generations model that includes a production externality of public capital and a wealth effect on labor supply. Public capital enters the firm's production function...

Persistent link: https://www.econbiz.de/10013142370

Essays on the labor force and aggregate fluctuations

Lugauer, Steven - 2008

Persistent link: https://www.econbiz.de/10011573248