The answer to this question is the following bizarre. Larry Summers used his reach forecasts popula

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Ardo Kaljuvee
The economy is valid rule: the younger the state's population, the greater population of egypt the current population of egypt account deficit, and the less the savings. And vice versa: an aging population, the country's current account deficit is smaller and has more deposits. Why this is so, discusses the British economist Edward Hugh.
Currently, the U.S. presidential economic advisor Larry Summers had fueled the 1990th year of scientific Job1, which argued that the U.S. economy is characterized by the following 15 years, the current account population of egypt deficit, which resulted in more than 6% of U.S. assets are owned by foreigners. However, Summers argued, is characterized by the ensuing 15 years of savings, in turn, a high (hoiustamistase), resulting in a current account surplus, population of egypt and property belonging to foreigners were to decline by 3.5%. After the year 2025., The analysis continued, will lead to a sharp increase in the number of older people in the U.S. current account deficit again.
Because this week, which was yet so many years ago, describes so well in our eyes now rolling economic process - in a world where most economists fail to foresee almost nothing - we could ask how one person is still able to so accurately to the front to see ?
The answer to this question is the following bizarre. Larry Summers used his reach forecasts population of egypt for a very simple model, which is based on life-cycle saving and borrowing mechanism, which the American-Italian economist Franco Modigliani was awarded in 1985. Was awarded the Nobel Prize in Economics. Modigliani's "life cycle" of things looked at the individual level. Summers and his co-authors, however, noted that the model extended to the entire population, and it seems to have been able to get a fairly plausible outcome. population of egypt
We all know that in developed countries the population is aging - in some countries more rapidly than others, of course population of egypt - but most people do not seem to understand you, vananemissuundumusel that this is a very specific and predictable economic consequences. These effects suggest a number of economic models in which relationships and the results can be seen in the graph on the next page, which was put together by my colleague Claus Vistensen.
As this chart is the eye, causing a change in the demographic - the average age of the population increases - a whole range of majandusfenomene, which has a direct impact on the domestic economy, consumption and the current account balance. (Graphics describe you with a list of Sweden's population aging demographic Bo Malberg terms: childhood, adolescence, adulthood, old age. Mediaaneaga societies with low childhood could be called societies, but societies with high mediaaneaga old age societies.)
The scale of the coarse blue line shows what happens when a country's population with a median change. At first (during adolescence) is a trend in the current account deficit and a deep, serious