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Aging, migration and monetary policy in Poland
Bielecki, Marcin; Brzoza-Brzezina, Michał; Kolasa, Marcin - 2021
Persistent link: https://www.econbiz.de/10012792632
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More Gray, More Volatile? Aging and (Optimal) Monetary Policy
Baksa, Daniel - 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/10012859869
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Demographic Effects on the Impact of Monetary Policy
Leahy, John - 2019
We study whether the effects of monetary policy are dependent on the demographic structure of the population. We exploit cross-sectional variation in the response of US states to an identified monetary policy shock. We find that there are three distinct age groups. In response to an increase in...
Persistent link: https://www.econbiz.de/10012862051
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Demographic Effects on the Impact of Monetary Policy
Leahy, John V. - 2019
We study whether the effects of monetary policy are dependent on the demographic structure of the population. We exploit cross-sectional variation in the response of US states to an identified monetary policy shock. We find that there are three distinct age groups. In response to an increase in...
Persistent link: https://www.econbiz.de/10012480269
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Central bank independence and ageing
Farvaque, Étienne; Héricourt, Jérôme; Lagadec, Gaël - In: Applied economics letters 17 (2010) 10/12, pp. 1167-1171
Persistent link: https://www.econbiz.de/10008699210
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Demographic effects on the impact of monetary policy
Leahy, John Vincent; Thapar, Aditi - 2019
Persistent link: https://www.econbiz.de/10012124938
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Constrained interest rates and changing dynamics at the zero lower bound
Bäurle, Gregor; Kaufmann, Daniel; Kaufmann, Sylvia; … - In: Studies in nonlinear dynamics and econometrics : SNDE ; … 24 (2020) 2, pp. 1-26
Persistent link: https://www.econbiz.de/10012198531
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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
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More gray, more volatile? : aging and (optimal) monetary policy
Baksa, Dániel; Munkácsi, Zsuzsa - 2019
Persistent link: https://www.econbiz.de/10012155083
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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