More Gray More Volatile Aging and Optimal Monetary Policy is popular PDF and ePub book, written by Daniel Baksa in 2019-09-20, it is a fantastic choice for those who relish reading online the Social Science genre. Let's immerse ourselves in this engaging Social Science book by exploring the summary and details provided below. Remember, More Gray More Volatile Aging and Optimal Monetary Policy can be Read Online from any device for your convenience.
More Gray More Volatile Aging and Optimal Monetary Policy Book PDF Summary
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 channels of monetary policy. We are also the first to examine aging and optimal central bank policies. As aging redistributes wealth among generations and the labor force becomes more scarce, our model suggests that aging makes monetary policy less effective and in more gray societies central banks should react more strongly to nominal variables.
Detail Book of More Gray More Volatile Aging and Optimal Monetary Policy PDF
- Author : Daniel Baksa
- Release : 20 September 2019
- Publisher : International Monetary Fund
- ISBN : 9781513515557
- Genre : Social Science
- Total Page : 46 pages
- Language : English
- PDF File Size : 14,7 Mb
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