We investigate the effects of aging on inflation through the labour market. More specifically, we question whether the weakness of wage inflation over the last decade reflects, at least partially, the increase of labour supply by baby boomers.The post 2013 recovery of advanced economies has not...

Why is wage inflation so weak in spite of the recent sharp reduction in unemployment? We show that this may be due to an ongoing change in the composition of the labor supply. Indeed, the participation rate of workers aged between 55 and 64 has increased steadily over the last decade, from a...

During the recent inflation episode, the paradigm of separated objectives for monetary and fiscal policies has shown some limits. Fiscal policies have helped mitigate inflation. We advocate for the emergence of a new paradigm that gives equal consideration to fiscal and monetary policies and...