Are there any known DSGE models with a demography component, i.e., that model the effects of aging population in output growth?

Any help would be appreciated.

Edit: I've been thinking, this question might not make much sense since I think DSGE are usually used for fluctuations/medium-run, whereas demography seems to be more like a long-run issue... not sure though.


1 Answer 1


It's not my field at all but with a quick search I found an ECB working paper from 2010 "INTEREST RATE EFFECTS OF DEMOGRAPHIC CHANGES IN A NEW-KEYNESIAN LIFE-CYCLE FRAMEWORK", by Engin Kara and Leopold von Thadden.

The dynare forum is more specialized on DSGE models, you will probably get better advice there. With a quick search there you find several posts that already included something with demography.


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