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Macroeconomic Consequences of Demographic Change: Modeling Issues and Applications (Lecture Notes in Economics and Mathematical Systems, 621) by Sebastian Rausch (auth.) is a nonfiction available to read on EtoBox.

What is Macroeconomic Consequences of Demographic Change: Modeling Issues and Applications (Lecture Notes in Economics and Mathematical Systems, 621) about?

This book presents a new computational approach to solving large-scale Auerbach-Kotlikoff Overlapping Generations (OLG) models in a complementarity format. Unlike with integrated solution methods, the proposed decomposition algorithm allows for the solution of multi-regional and multi-sectoral OLG models that exhibit a large number of heterogeneous consumers and a variety of household-specific effects. By broadening the scope of economic analysis, this new approach provides a powerful tool for applied general equilibrium modelers. In this book, the algorithm is applied to the macroeconomics of demographic change, demonstrating its flexibility and scope as a solution concept. With a specific analysis on the implications of globally unsynchronized demographic patterns for international trade, the book also explores the sectoral and distributional consequences of an aging population in Germany.

Who reads Macroeconomic Consequences of Demographic Change: Modeling Issues and Applications (Lecture Notes in Economics and Mathematical Systems, 621)?

Author

Sebastian Rausch (auth.)

Publisher

Springer-Verlag Berlin Heidelberg

Published

2009

Language

EN

ISBN

9783642001451

Category

nonfiction

Subjects

Economics, Business, Science