Events

MEA Workshop "Population Aging and International Capital Markets"

The Mannheim Research Institute for the Economics of Aging – short: mea – is organizing a

Workshop on „Population Aging and International Capital Markets“.

The workshop will take place at the University of Mannheim on December 6 and 7, 2002.

The workshop is part of a research project at MEA that analyzes the linkage between demographic change and international capital flows, taking account of capital market imperfections and the design and reform of social security systems. This project is now in its third year.

If you need further information or if you have any questions please contact:

Melanie Lührmann
MEA, Universität Mannheim
building L 13, 17
phone +49 621 181-1864
fax +49 621 181-1863
luehrmann©mea.uni-mannheim.de

Programm

Workshop on Population Aging and International Capital Markets
Friday, December 6, 2002

9.00 - 9.10Welcome address by Axel Börsch-Supan
9.10 - 10.00A Demographic Contribution To The Feldstein-Horioka Theorem
Michael Moore, Queen’s University Belfast
Discussant: Melanie Lührmann, MEA, University of Mannheim
10.00 - 10.50Saving, Investment and the Net Foreign Asset Position
Mathias Hoffmann, University of Cologne
Discussant: Michel Juillard, CEPREMAP, Paris
10.50 - 11.20Coffee break
11.20 - 12.10The Impact of Bequest Motives on the Saving Behavior of the Aged in Japan
Charles Horioka, Osaka University
Discussant: Axel Börsch-Supan, MEA, University of Mannheim
12.10 - 13.30Lunch break
13.30 - 14.20Optimal Long-Run Fiscal Policy:
Constraints, Preferences and the Resolution of Uncertainty

Alan Auerbach, UC Berkeley
Discussant: Joachim Winter, MEA, University of Mannheim
14.20 - 15.10Aging, Immigration and International Capital Flows: Projections for Japan
Robert Dekle, University of Southern California
Discussant: Landis McKellar, IIASA, Laxenburg
15.10 - 15.40Coffee break
15.40 - 16.30The Equity Premium and the Baby Boom
Robin Brooks, IMF
Discussant: Thijs Knaap, OCFEB
16.30 - 17.20Ageing, Interest Scenarios and the Current Account: Simulations for the Netherlands
Leon Bettendorf, OCFEB
Discussant: Alexander Ludwig, MEA, University of Mannheim
17.20 - 18.10Macroeconomic Consequences of Pension Reforms in Europe: An Investigation with the INGENUE World Model
Michel Juillard, CEPREMAP, Paris
Discussant: Hans Fehr, University of Würzburg
19.30Departure from the hotel to the conference dinner at the restaurant "Goldener Ochse", Mannheim


Saturday, December 7, 2002

9.30 - 10.20The Implications of Aging on the Balance of Payments between North and South
Barry Eichengreen, UC Berkeley
Discussant: Michael Moore, Queen’s University Belfast
10.20 - 10.40Coffee break
10.40 - 11.30Home Bias and the Structure of International and Regional Business Cycles
Mathias Hoffmann, University of Dortmund
Discussant: Peter Broer, CPB Netherlands
11.30 - 11.45Coffee break
11.45 - 12.35The Role of Demographic Change in Explaining International Capital Flows
Melanie Lührmann, MEA, University of Mannheim
Discussant: Robin Brooks, IMF
12.35 - 13.25Capital Flows
Ayse Imrohoroglu, University of Southern California
Discussant: Barbara Berkel, MEA, University of Mannheim
13.30Lunch break
15.00Departure from the hotel for trip to Heidelberg


The workshop will take place in the department of economics in Building L 7, 3-5.
The meeting room will be on the 4th floor in rooms 457/458.