Specification of dynamic models for examining resilience (Technical report)

Can migration and job automation help address some of the challenges which population ageing poses to the labour markets in Europe? This technical report presents the design and initial analysis of a dynamic stochastic general equilibrium (DSGE) model, which will ultimately serve as a tool to examine the vulnerability of European socio-economic systems to external shocks. As an illustration, we use a case study of the German and Polish economies.