Fiscal Policy Effects in a Heterogeneous-Agent Overlapping-Generations Economy With an Aging Population
Fiscal Policy Effects in a Heterogeneous-Agent Overlapping-Generations Economy With an Aging Population: Working Paper 2013-07, by Shinichi Nishiyama “Among the models that CBO uses to analyze the economic effects of changes in federal fiscal policy is a life-cycle growth model with overlapping generations of heterogeneous households. In this paper, we extend a similar dynamic model …