Demographic factors as determinants of external balances

Wabenga Yango, James and Carmichael, Benoit and Moran, Kevin (2016): Demographic factors as determinants of external balances.

Abstract

This paper develops, solves and calibrate a dynamic general equilibrium model to examine the effect of demographic factors on the external balance of countries. This is quite an advanced multi-country model with different age structures across country. I find that this different age structure has a large impact on savings, resulting in poorer countries having large external balance surpluses whilst more developed countries will have large deficits.

• Item Type: MPRA Paper
• Language: English
• Keywords: Demographics,Macroeconomics,International Economics
• Subjects: E - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates > E43 - Interest Rates: Determination, Term Structure, and Effects; F - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance > F44 - International Business Cycles; J - Labor and Demographic Economics > J1 - Demographic Economics > J11 - Demographic Trends, Macroeconomic Effects, and Forecasts

References

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