Similar Search Results

Yasuoka, Masaya - In: Economies : open access journal 6 (2018) 2, pp. 1-15

This paper presents examination of how a pension policy affects income growth and the inflation rate in a utility model. Even if the contribution rate of pension increases because of an aging society, an aging society increases income growth and the inflation rate. Moreover, this paper presents...

Persistent link: https://www.econbiz.de/10011853698

Should monetary policy be different in a greyer world?

Miles, David - In: Ageing, financial markets and monetary policy, (pp. 241-276). 2002

Persistent link: https://www.econbiz.de/10001677668

Why aging induces deflation and secular stagnation

Braun, R. Anton; Ikeda, Daisuke - 2022

We provide a quantitative theory of deflation and secular stagnation. In our lifecycle framework, an aging population … puts persistent downward pressure on the price level, real interest rates, and output. A novel feature of our theory is …

Persistent link: https://www.econbiz.de/10013382196

Perpetual youth and endogenous labor supply : a problem and a possible solution

Ascari, Guido; Rankin, Neil - In: Journal of macroeconomics 29 (2007) 4, pp. 708-723

Persistent link: https://www.econbiz.de/10003586687

Perpetual youth and endogenous labour supply : a problem and a possible solution

Ascari, Guido (contributor); Rankin, Neil (contributor) - 2004 - This version: December 2003

In the "perpetual youth" overlapping-generations model of Blanchard and Yaari, if leisure is a "normal" good then some agents will have negative labour supply. We suggest a solution to this problem by using a modified version of Greenwood, Hercowitz and Huffman's utility function. The...

Persistent link: https://www.econbiz.de/10002420833