http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
Macroeconomic Consequences of Demographic Change
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.
Computation of Equilibria in OLG Models with Many Heterogeneous Households -- Trade Liberalization and Global Demographic Change: A Quantitative Assessment -- Quantifying the Sectoral and Distributional Effects of Demographic Change in Germany -- Concluding Remarks.
Macroeconomics/Monetary Economics//Financial Economics
Lecture Notes in Economics and Mathematical Systems, 621