Ageing And International Capital Flows
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Author | : Erik Canton |
Publisher | : |
Total Pages | : 68 |
Release | : 2004 |
Genre | : Aging |
ISBN | : |
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Capital may start to flow from developed to developing countries.
Author | : |
Publisher | : |
Total Pages | : |
Release | : 2003 |
Genre | : |
ISBN | : 9789290794608 |
Download Population Ageing and International Capital Flows Book in PDF, Epub and Kindle
Author | : David Domeij |
Publisher | : |
Total Pages | : 13 |
Release | : 2004 |
Genre | : Age distribution (Demography) |
ISBN | : |
Download Population Ageing and International Capital Flows Book in PDF, Epub and Kindle
Author | : Axel Börsch-Supan |
Publisher | : |
Total Pages | : 48 |
Release | : 2001 |
Genre | : Aging |
ISBN | : |
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Throughout the world, population aging is a major challenge that will continue well into the 21st century. While the patterns of the demographic transition are similar in most countries, timing differs substantially, in particular between industrialized and less developed countries. To the extent that capital is internationally mobile, population aging will therefore induce capital flows between countries. In order to quantify these international capital flows, we employ a multi-country overlapping generations model and combine it with long-term demographic projections for several world regions over a 50 year horizon. Our simulations suggest that capital flows from fast-aging industrial countries (such as Germany and Italy) to the rest of the world will be substantial. Closed-economy models of pension reform are likely to miss quantitatively important effects of international capital mobility.
Author | : Reisen Helmut |
Publisher | : OECD Publishing |
Total Pages | : 285 |
Release | : 2000-05-15 |
Genre | : |
ISBN | : 9264181628 |
Download Pensions, Savings and Capital Flows From Ageing to Emerging Markets Book in PDF, Epub and Kindle
This books explores the international aspects of pension reform, private savings and volatile capital markets and clarifies how they relate to each other.
Author | : Alan J. Auerbach |
Publisher | : Springer Science & Business Media |
Total Pages | : 353 |
Release | : 2013-11-11 |
Genre | : Business & Economics |
ISBN | : 3662047799 |
Download Ageing, Financial Markets and Monetary Policy Book in PDF, Epub and Kindle
The book gives an overview of the implications of population ageing on economic development and financial systems. It describes several challenges which the ageing process poses for central banks, giving special consideration to the situation in Europe. The first two chapters discuss the relationship between ageing and saving and between ageing and international capital flows. Other chapters consider the possible implications for financial markets. The final part raises issues which are of particular relevance for central banks, namely ageing and financial stability and how ageing will affect monetary policy.
Author | : Robin Brooks |
Publisher | : |
Total Pages | : 36 |
Release | : 2000 |
Genre | : Aging |
ISBN | : |
Download Population Aging and Global Capital Flows in a Parallel Universe Book in PDF, Epub and Kindle
Author | : David Domeij |
Publisher | : |
Total Pages | : 0 |
Release | : 2007 |
Genre | : |
ISBN | : |
Download Population Aging and International Capital Flows Book in PDF, Epub and Kindle
We use the neoclassical growth framework to model international capital flows in a world with exogenous demographic change. We compare model implications and actual current account data and find that the model explains a small but significant fraction of capital flows between OECD countries, in particular after 1985.
Author | : Axel Börsch-Supan |
Publisher | : |
Total Pages | : 60 |
Release | : 2005 |
Genre | : Aging |
ISBN | : |
Download Aging, Pension Reform, and Capital Flows Book in PDF, Epub and Kindle
In order to quantify these effects, we develop a computational general equilibrium model. We feed this multi-country overlapping generations model with detailed long-term demographic projections for seven world regions. Our simulations indicate that capital flows from fast-aging regions to the rest of the world will initially be substantial but that trends are reversed when households decumulate savings. We also conclude that closed-economy models of pension reform miss quantitatively important effects of international capital mobility.
Author | : Zsófia L. Bárány |
Publisher | : |
Total Pages | : 109 |
Release | : 2018 |
Genre | : Age distribution (Demography) |
ISBN | : |
Download Capital Flows in an Aging World Book in PDF, Epub and Kindle
We investigate the importance of worldwide demographic evolutions in shaping capital flows across countries and over time. Our lifecycle model incorporates cross-country differences in fertility and longevity as well as differences in countries' ability to borrow inter-temporally and across generations through social security. In this environment, global aging triggers uphill capital flows from emerging to advanced economies, while country-specific demographic evolutions reallocate capital towards countries aging more slowly. Our quantitative multi-country overlapping generations model explains a large fraction of capital flows across advanced and emerging countries and a substantial portion of the prolonged decline in the world interest rate.