Démographie et fluctuations économiques
This paper shows that a neoclassical model with standard assumptions but endowed with an explicit age structure of the population, converges to its balanced growth path with damped oscillations. It therefore reproduces a trend-reverting process with short run fluctuations that is displayed by the gross domestic product time series of most oecd countries.Classification JEL : D50, D90.
References listed on IDEAS
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