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This book presents a new computational approach to solving large-scale Auerbach-Kotlikoff Overlapping Generations (OLG) models in a complementarity format. Unlike with integrated solution methods, the proposed decomposition algorithm allows for the solution of multi-regional and multi-sectoral OLG models that exhibit a large number of heterogeneous consumers and a variety of household-specific effects. By broadening the scope of economic analysis, this new approach provides a powerful tool for applied general equilibrium modelers. In this book, the algorithm is applied to the macroeconomics of demographic change, demonstrating its flexibility and scope as a solution concept. With a specific analysis on the implications of globally unsynchronized demographic patterns for international trade, the book also explores the sectoral and distributional consequences of an aging population in Germany.

Emigrant remittances. --- Emigration and immigration -- Economic aspects. --- Economic Theory --- Business & Economics --- Demography --- Population. --- Human population --- Human populations --- Population growth --- Populations, Human --- Historical demography --- Macroeconomics. --- International economics. --- Economics. --- Macroeconomics/Monetary Economics//Financial Economics. --- Population Economics. --- International Economics. --- Economics --- Human ecology --- Sociology --- Malthusianism --- Social sciences --- Population --- Vital statistics --- Economic policy, Foreign --- Economic relations, Foreign --- Economics, International --- Foreign economic policy --- Foreign economic relations --- Interdependence of nations --- International economic policy --- International economics --- New international economic order --- Economic policy --- International relations --- Economic sanctions --- International economic relations. --- Macroeconomics and Monetary Economics. --- Economic aspects.