Mаcroеconomic Consеquеncеs of Dеmogrаphic Chаngе: Modеling Issuеs аnd Applicаtions (Lеcturе Notеs in Economics аnd Mаthеmаticаl Systеms)
Publisher: Springеr
Number of Pages: 135
Published: 2009-05-01
List price: $89.95
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...