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Essays on Demographics and International Macroeconomics / Felipe Ruiz Mazin.
- Format:
- Book
- Thesis/Dissertation
- Author/Creator:
- Ruiz Mazin, Felipe, author.
- Language:
- English
- Subjects (All):
- Finance.
- Economics--Penn dissertations.
- Penn dissertations--Economics.
- Local Subjects:
- Finance.
- Economics--Penn dissertations.
- Penn dissertations--Economics.
- Physical Description:
- 1 online resource (110 pages)
- Distribution:
- Ann Arbor : ProQuest Dissertations & Theses, 2023
- Contained In:
- Dissertations Abstracts International 85-08A.
- Place of Publication:
- [Philadelphia, Pennsylvania] : University of Pennsylvania, 2022.
- Language Note:
- English
- Summary:
- This dissertation provides a comprehensive analysis of the relationship between global demographic trends and international capital flows. The first chapter employs an overlapping generations model to dissect how factors like fertility rates and longevity impact capital flows leading to cross-country fiscal spillovers. The second chapter uses panel data from 46 advanced and emerging economies to validate these theoretical findings, confirming that early aging in advanced countries has been advantageous for emerging economies. The third chapter extends the focus to real interest rates, revealing that they are shaped by both local and global demographic structures. The degree of a country's financial integration also influences its interest rates' sensitivity to global demographic trends. By illuminating these complex interactions, this dissertation significantly advances our understanding of global capital flows. It also provides invaluable insights for policymakers navigating the financial implications of demographic changes in an interconnected world economy.
- Notes:
- Source: Dissertations Abstracts International, Volume: 85-08, Section: A.
- Advisors: Krueger, Dirk; Committee members: Fernandez-Villaverde, Jesus; Hubmer, Joachim.
- Department: Economics.
- Ph.D. University of Pennsylvania 2023.
- Local Notes:
- School code: 0175
- ISBN:
- 9798381509830
- Access Restriction:
- Restricted for use by site license.
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