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IMF Staff papers, Volume 37 No. 3

This paper analyzes macroeconomic effects of projected population aging in industrial countries. The effects of population aging are examined with a theoretical model and simulations of the IMF’s multiregion econometric model (MULTIMOD). The study highlights that an older population will consume mor...

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Bibliographic Details
Corporate Author: International Monetary Fund Research Dept
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1990
Series:IMF Staff Papers
Subjects:
Interest Rates
Inflation
Wealth
Finance
Monetary Economics
Currency; Foreign Exchange
Saving
Financial Services
Real Interest Rates
Deflation
Purchasing Power Parity
Exports And Imports
General Financial Markets: General (includes Measurement And Data)
International Economics
National Accounts
Derivative Securities
Foreign Exchange
Price Level
Saving And Investment
Banks And Banking
Prices
Macroeconomics
Macroeconomics: Consumption
Real Exchange Rates
Interest Rates: Determination, Term Structure, And Effects
Exchange Rates
Finance: General
Private Savings
United States
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This paper analyzes macroeconomic effects of projected population aging in industrial countries. The effects of population aging are examined with a theoretical model and simulations of the IMF’s multiregion econometric model (MULTIMOD). The study highlights that an older population will consume more of aggregate disposable income, require higher government expenditure, and decrease labor supply. These effects should raise real interest rates and lower capital stock and output. Effects on current balances will depend on the relative speed and extent of aging
Physical Description:292 pages
ISBN:9781451973068

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