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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
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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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Declining trends in the real interest rate and inflation : role of aging
Fujita, Shigeru; Fujiwara, Ippei - 2015
Persistent link: https://www.econbiz.de/10012125435
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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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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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Why aging induces deflation and secular stagnation
Braun, R. Anton; Ikeda, Daisuke - 2022
Persistent link: https://www.econbiz.de/10013541078
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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 …
Persistent link: https://www.econbiz.de/10013382196
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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
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Causes and remedies of the Japan's long-lasting recession : lessons for China
Yoshino, Naoyuki; Taghizadeh-Hesary, Farhad - In: China & world economy 24 (2016) 2, pp. 23-47
Persistent link: https://www.econbiz.de/10011535598
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Japan's lost decade : causes and remedies
Yoshino, Naoyuki; Taghizadeh-Hesary, Farhad - In: Japan's lost decade : lessons for Asian economies, (pp. 1-33). 2017
Persistent link: https://www.econbiz.de/10011754228