Economics at your fingertips  

A Detailed Description of OGRE, the OLG Model

Daniel Baksa () and Zsuzsa Munkacsi ()
Additional contact information
Daniel Baksa: Central European University

No 31, Bank of Lithuania Working Paper Series from Bank of Lithuania

Abstract: In this paper we present the structure of OGRE, a dynamic general equilib-rium model with overlapping generations, unemployment and a shadow economy. Based on a parametrized version of the model, we examine the impacts of aging and calculate multipliers of public pension and other fiscal policies. Also, we contrast macroeconomic reactions with pay-as-you-go and fully funded pension plans. Lastly, we highlight the role of unemployment and that of the underground sector in the framework.Classification-JEL: E24, E26, H55, J11, J46Keywords: population aging, public old-age pension reforms, pay-as-you-go, fully funded, shadow economy, informal employment, government debt, New Keynesian model, overlapping generations, demography, unemployment, retirement age

Pages: 71 pages
Date: 2016-08-23
New Economics Papers: this item is included in nep-age, nep-dge, nep-iue, nep-mac and nep-sog
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed

Downloads: (external link) ... f-ogre-the-olg-model Full text (application/pdf)
Our link check indicates that this URL is bad, the error code is: 301 [REDIRECT LOOP] Moved Permanently ( [302 Found]--> [301 Moved Permanently]--> [302 Found]--> [301 Moved Permanently]--> [302 Found]--> [301 Moved Permanently]--> [302 Found]-->

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this paper

More papers in Bank of Lithuania Working Paper Series from Bank of Lithuania Bank of Lithuania Gedimino pr. 6, LT-01103 Vilnius, Lithuania. Contact information at EDIRC.
Bibliographic data for series maintained by Povilas Lastauskas ().

Page updated 2020-01-27
Handle: RePEc:lie:wpaper:31