Title Debt, deficits, and age-specific mortality / Hamid Faruqee

Published [Washington, D.C.] : International Monetary Fund, ©2002

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Description 1 online resource (19 pages) Series IMF working paper, 2227-8885 ; WP/02/19 IMF working paper ; WP/02/19. Summary This paper develops an overlapping agents model with age-specific mortality rates. The analytical framework also nests Blanchard's (1985) "perpetual youth" model as a special, though perhaps not realistic, case. With age specific mortality rates, youth is "fleeting." Using standard hyperbolic functions, the model with fleeting youth is able to closely replicate the empirical relation between age and mortality. The comparative implications for deficit finance are also examined and age-specific mortality is shown to alter the non-Ricardian properties of the model Bibliography Includes bibliographical references (page 16) Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL English digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL Print version record Subject Mortality -- Economic aspects -- Econometric models Budget deficits -- Effect of old age on -- Econometric models Debts, Public -- Effect of mortality on -- Econometric models Form Electronic book Author International Monetary Fund. Research Department. ISBN 145189158X 9781451891584 1281104809 9781281104809 1462301657 9781462301652 1452719020 9781452719023 9786613776341 6613776343 9781451843750 1451843755

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