English, , 451kb
Model simulations illustrate a number of channels through which the US current-account deficit could narrow and explore the implications across countries. Economic Studies No. 38.
English, , 324kb
Using overlapping generations (OLG) models calibrated on 7 OECD countries - the United States, Japan, France, Canada, Italy, the United Kingdom and Sweden - the authors investigate the macroeconomic impact of possible pension reform strategies as populations age.