This paper examines whether monetary policy pass-through to mortgage interest rates affects household fertility …

This paper examines whether monetary policy pass-through to mortgage rates affects household fertility decisions. Using …

the effects of the same fertility and mortality shocks across models with and without children. Simulations show that … while child dependency changes the direction of the impact of the fertility transition on external imbalances in the short …

We examine the dynamic interaction of the population age structure, economic dependency, and fertility, paying … particular attention to the role of intergenerational transfers. In the short run, a reduction in fertility produces a quot … probabilistic fashion. We show that most highly developed countries have fertility below the rate that maximizes steady state …