This chapter examines the effects of demographic changes and the government's debt
policy on economic growth and economic welfare in Japan, taking into account the …

This paper studies the effects of capital taxation in a dynamic heterogeneous-agent
economy with uninsurable entrepreneurial risk. Although it allows for rich general …

In this paper we develop the dynamic CGE model, ifoMod, which is designed to analyse the
impact of fundamental tax reforms and in particular capital income tax reforms for Germany …

This paper critically reviews recent work regarding the sustainability of public debt. It argues
that Debt Sustainability Analyses (DSAs) should be more than mere mechanical simulation …

We compute the growth effects of adopting a revenue‐neutral flat tax for both a human
capital–based endogenous growth model and a standard neoclassical growth model. Long …

We study the effects of pension reform on hours worked by three active generations,
education of the young, the retirement decision of older workers, and aggregate growth in a …

This paper develops a dynamic, life-cycle, general equilibrium model to study the
interdependent demographic, fiscal, and economic transition paths of China, Japan, the US …

This paper provides an introduction to numerical simulation of overlapping generations
models with perfect foresight and finite lifetimes. The exposition presents the fundamental …

Following through on pledges made during his election campaign, President Bush proposed
and Congress passed a substantial tax cut in 2001, the Economic Growth and Tax Relief …

The extent of the demographic changes in Europe is dramatic and will deeply affect future
labor, financial and goods markets. The expected strain on public budgets and especially …