This summary investigates how robots affect several variables related to labour, and vice versa. In order to evaluate the causal relationship, we use quality-adjusted robot stock data and labour market data from 26 industries in 33 countries. According to the results obtained from three...

This paper explores a causal link between aging of the labor force and declining trends in the real interest rate and inflation in Japan. We develop a New Keynesian search/matching model that features heterogeneities in age and firm-specific skills. Using the model, we examine the long-run...

How does a grayer society affect the political decision-making regarding inflation rates? Is deflation preferred as a society ages? In order to answer these questions, we compute the optimal inflation rates for the young and the old respectively, and explore how they change with demographic...