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Structural or cyclic? : labor markets in recessions : how should policy respond to higher unemployment?

Lazear, Edward P. - 2014

Persistent unemployment after recessions and the policies required to bring it down are the subject of an ongoing debate. One view suggests there are fundamental changes in the labor market that imply a long-term higher rate of unemployment, requiring the implementation of structural policy...

Persistent link: https://www.econbiz.de/10011413609

Macroeconomic policy making, exchange rate adjustment and current account imbalances in emerging markets

Duarte, Pablo; Schnabl, Gunther - 2014

Since a series of crisis events after 2007, the discussion about the adjustment channels of current account imbalances has been revived. We discuss the effectiveness of exchange rates versus macroeconomic policies to rebalance current accounts for a set of 86 mainly emerging market economies. We...

Persistent link: https://www.econbiz.de/10010431297

Russian Money Markets and Financial Institutions in 2014

Abramov, Alexander E. - 2015

This paper deals with a wide scope of issues, starting with the post-crisis recovery of Russia's financial market. The author analyzes the market for shares issued by Russian companies, investigates dependence on the global conjuncture of prices and inflow and outflow of foreign portfolio...

Persistent link: https://www.econbiz.de/10013012787

Aging, migration and monetary policy in Poland

Bielecki, Marcin; Brzoza-Brzezina, Michał; Kolasa, Marcin - 2021

Persistent link: https://www.econbiz.de/10012792632

More gray, more volatile? : aging and (optimal) monetary policy

Baksa, Daniel; Munkacsi, Zsuzsa - 2019

The evidence on the inflation impact of aging is mixed, and there is no evidence regarding the volatility of inflation …. Based on advanced economies' data and a DSGE-OLG model, we find that aging leads to downward pressure on inflation and … higher inflation volatility. Our paper is also the first, using this framework, to discuss how aging affects the transmission …

Persistent link: https://www.econbiz.de/10012103744

Declining trends in the real interest rate and inflation : role of aging

Fujita, Shigeru; Fujiwara, Ippei - 2015

Persistent link: https://www.econbiz.de/10012125435

More gray, more volatile? : aging and (optimal) monetary policy

Baksa, Dániel; Munkácsi, Zsuzsa - 2019

Persistent link: https://www.econbiz.de/10012155083

Demographics and the natural real interest rate : historical and projected paths for the euro area

Papetti, Andrea - 2019

This paper employs an aggregate representation of an overlapping generation (OLG) model quantifying a decrease of the natural real interest rate in the range of -1.7 and -0.4 percentage points in the euro area between 1990 and 2030 due to demographics alone. Two channels contribute to this...

Persistent link: https://www.econbiz.de/10011994650

Demographic change, government debt and fiscal sustainability in Japan : the impact of bond purchases by the Bank of Japan

Hansen, Gary D.; İmrohoroğlu, Selahattin - In: Review of economic dynamics 50 (2023), pp. 88-105

Persistent link: https://www.econbiz.de/10014555891

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 …

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

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