Capital that flows from rich to poor countries can be important in equalizing living standards
across countries. Various factors, however, contribute to the Lucas Paradox and the mixed …

The age distribution influences capital flows through aggregate saving and labor supply. To
quantify this, I build a dynamic model featuring overlapping generations and international …

While population has been aging globally, regions and countries are significantly
asymmetric in the timing and speed of the demographic transitions, especially between …

Demographic Trends and the Transmission of Monetary Policy Page 1 Demographic
Trends and the Transmission of Monetary Policy Giacomo Mangiante Bank of Italy1 ASSA …

Most countries of the world are aging, namely their relative number of old individuals
(usually classified as those aged more than 65) is growing (Figure 1)–albeit at different …

This paper develops a dynamic spatial general equilibrium model that incorporates life-cycle
and endogenous inter-regional migration to analyze the joint impact of migration and …