This paper focuses on the empirically observed relationship between demographic change and inflation and explores the … demographic change and inflation dynamics. We are the first to formally disentangle the two components of demographic change …: population size and structure, and determine how they separately affect inflation. We find that changes in population size are a …

Public pensions are indexed to prices or wages or to their combinations; therefore, the impact of inflation on the real …/decelerating inflation like currently prevailing in Hungary, however, this is not the case. (i) With fast inflation of basic necessities …) With accelerating inflation, the declining real value of delayed initial benefits may incite immediate retirement. (iv …