Démographie et fluctuations économiques
Hippolyte d'Albis (),
Emmanuelle Augeraud-Véron () and
Marie Bessec ()
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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.
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Published in Revue Economique, Presses de Sciences Po, 2004, 55 (3), pp.429-437
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Journal Article: Démographie et fluctuations économiques (2004)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-00630246
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