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Demographic factors as determinants of external balances

Author

Listed:
  • Wabenga Yango, James
  • Carmichael, Benoit
  • Moran, Kevin

Abstract

This paper develops, solves and calibrate a dynamic general equilibrium model to examine the effect of demographic factors on the external balance of countries. This is quite an advanced multi-country model with different age structures across country. I find that this different age structure has a large impact on savings, resulting in poorer countries having large external balance surpluses whilst more developed countries will have large deficits.

Suggested Citation

  • Wabenga Yango, James & Carmichael, Benoit & Moran, Kevin, 2016. "Demographic factors as determinants of external balances," MPRA Paper 71687, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:71687
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    References listed on IDEAS

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    Keywords

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    JEL classification:

    • E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects
    • F44 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Business Cycles
    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts

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