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Démographie et fluctuations économiques

Hippolyte d'Albis (), Emmanuelle Augeraud-Véron () and Marie Bessec ()

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Abstract: This paper shows that a neoclassical model with standard assumptions but endowed with an explicit age structure of the population, converges to its balanced growth path with damped oscillations. It therefore reproduces a trend-reverting process with short run fluctuations that is displayed by the gross domestic product time series of most OECD countries.

Date: 2004
Note: View the original document on HAL open archive server: https://hal.archives-ouvertes.fr/hal-00630246
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Published in Revue Economique, Presses de Sciences Po, 2004, 55 (3), pp.429-437

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