Macroeconomic Consequences of Demographic Change
Rausch, Sebastian![Macroeconomic Consequences of Demographic Change](https://support.digitalhusky.com/media/annotations/sorted/442/4424454/CHSBZCOP034424454.jpg)
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 analy...