The framework’s capacity to model interactions between heterogeneous households and the macroeconomy in the way I have just described hinges on Benjamin’s innovative and extensive work on mathematical and computational methods to solve models in continuous time.
There is currently estimated to be over USD 30 billion within superannuation/provident and sovereign wealth funds in the Pacific countries, making these funds some of the largest financial institutions in the region. Well leveraged, these funds can offer significant potential for long term and sustainable economic growth; however, many countries struggle to realise the opportunity latent within this financial base.