CORDIS Project
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The project develops advanced economic models to evaluate how government fiscal policies affect different generations. By simulating intergenerational transfers and risks, it aims to inform policy decisions on taxation, spending, and debt management, particularly in the context of long-term economic uncertainties.
Policy decisions about government borrowing, taxation, and spending have a differential impact on generations and thus imply substantial intergenerational transfers.
The costs and benefits of these policies occur over decades and come with large uncertainty, for instance related to productivity growth, global financial conditions, and demographic trends.
Therefore, fiscal policies, whether intentional or not, transfer risk and resources across generations.
Assessing their impact on welfare calls…
KARLSRUHER INSTITUT FUER TECHNOLOGIE
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