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LOLA 1.0: Luxembourg overLapping generation model for policy analysis

  • Olivier Pierrard


  • Henri R. Sneessens

We build on the DSGE literature to propose an overlapping generation model for Luxembourg. By way of illustration, the model is then used to study the consequences of the ageing of the population and the potential effects of alternative macroeconomic policies.

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Paper provided by Central Bank of Luxembourg in its series BCL working papers with number 36.

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Length: 36 pages
Date of creation: Apr 2009
Date of revision:
Handle: RePEc:bcl:bclwop:bclwp036
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  1. Pierrard, Olivier, 2008. "Commuters, residents and job competition," Regional Science and Urban Economics, Elsevier, vol. 38(6), pages 565-577, November.
  2. Olivier Pierrard & Fatemeh Shadman & Henri Sneessens, 2003. "Effets des préretraites sur l'emploi," Revue Française d'Économie, Programme National Persée, vol. 18(1), pages 133-155.
  3. Garey Ramey & Wouter J. den Haan & Joel Watson, 2000. "Job Destruction and Propagation of Shocks," American Economic Review, American Economic Association, vol. 90(3), pages 482-498, June.
  4. DE LA CROIX, David & DOCQUIER, Frédéric, . "School attendance and skill premiums in France and the US: a general equilibrium approach," CORE Discussion Papers RP 1998, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  5. Muriel Bouchet, 2006. "The transition from payg to funding: application to the Luxembourg privat sector pension system," BCL working papers 23, Central Bank of Luxembourg.
  6. Olivier, Pierrard & Henri R., Sneessens, 2002. "Low-Skilled Unemployment, Biased Technological Shocks and Job Competition," Discussion Papers (IRES - Institut de Recherches Economiques et Sociales) 2003014, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES), revised 03 May 2002.
  7. Muriel Bouchet, 2003. "The sustainability of the private sector pension system from a long-term perspective: the case of Luxembourg," BCL working papers 6, Central Bank of Luxembourg.
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