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- Title
Will Ageing Lead to a Higher Real Exchange Rate for the Netherlands?
- Authors
Ewijk, Casper; Volkerink, Maikel
- Abstract
Long term projections for the Netherlands indicate that demand for nontradables-e.g. health care services-will increase relative to supply due to population ageing. If this leads to higher future real exchanges rates this will erode the return of the savings currently made to prepare for ageing. This paper explores the magnitude of potential price effects using a modified version of the two country, four commodity framework developed by Obstfeld and Rogoff (Brookings Papers Econ Activity 1:67-146, 2005) to explore the exchange rate effects of the balance of payments reversal in the US. When these price effects are substantial this may have serious consequences for policies to enhance national saving in the Netherlands.
- Subjects
NETHERLANDS; ECONOMIC aspects of aging; FOREIGN exchange rates; BALANCE of trade; NONTRADED goods; ECONOMIC conditions in the Netherlands, 1945-
- Publication
De Economist (0013-063X), 2012, Vol 160, Issue 1, p59
- ISSN
0013-063X
- Publication type
Article
- DOI
10.1007/s10645-011-9182-5