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Economics/Finances Sebastian Rausch - Macroeconomic Consequences of Demographic Change: Modeling Issues and Applications

Posted on 2010-03-16




Name:Economics/Finances Sebastian Rausch - Macroeconomic Consequences of Demographic Change: Modeling Issues and Applications
ASIN/ISBN:3642001459
Language:English
File size:2.25 Mb
Publisher: Springer
Publish Date: 2009-05-01
ISBN: 3642001459
File Type: PDF
Pages: 150 pages
File Size: 2.25 MB
   Economics/Finances Sebastian Rausch - Macroeconomic Consequences of Demographic Change: Modeling Issues and Applications



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Sebastian Rausch - Macroeconomic Consequences of Demographic Change: Modeling Issues and Applications

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.

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