Globalisation financière, vieillissement et convergence mondiale. Une exploration de quelques scénarios
The INGENUE model is a computable, general-equilibrium, overlapping-generations model of the world economy divided into six large regions. Its purpose is to analyze the consequences of demographic changes and of possible pension reforms in the developed countries on world economic aggregates and on international capital flows in a long-run perspective. The model comprises three developed regions and three developing and younger regions. The baseline scenario of the INGENUE model describes a world economy which, over the first half of the XXIth century, witnesses large capital transfers from developed and aging countries to developing and younger regions, in spite of a very slow process of international diffusion of technical progress. We then explore some extreme scenarios of international convergence of public pension systems, first within the group of developed countries, then extended to the whole world. JEL codes : F21, C68, D91, H55.
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- Equipe INGENUE, 2001. "Macroeconomic consequences of pension reforms in Europe: an investigation with the INGENUE world model," Documents de Travail de l'OFCE 2001-07, Observatoire Francais des Conjonctures Economiques (OFCE).
- Maurice Obstfeld & Kenneth S. Rogoff, 1996. "Foundations of International Macroeconomics," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262150476, January.
- Dave Turner & Claude Giorno & Alain de Serres & Ann Vourc'h & Pete Richardson, 1998. "The Macroeconomic Implications of Ageing in a Global Context," OECD Economics Department Working Papers 193, OECD Publishing.
- Helmut Reisen, 2000. "Pensions, Savings and Capital Flows," Books, Edward Elgar Publishing, number 2017.
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