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The impact of population ageing on the Czech economy
Babecký, Jan ; Dybczak, Kakmil
Writers apply a stylised overlapping generation model in order to analyse the potential effects of the expected demographic changes on aggregate economic performance taking into account alternative fiscal policy set-ups. They provide a rough estimate of the amendments necessary on the revenue and expenditure sides in order to keep the current system financially balanced. They also discuss the implications for the development of other economic variables.
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