More Gray, More Volatile? : Aging and (Optimal) Monetary Policy /
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...
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| Другие авторы: | |
| Формат: | Журнал |
| Язык: | English |
| Опубликовано: |
Washington, D.C. :
International Monetary Fund,
2019.
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| Серии: | IMF Working Papers; Working Paper ;
No. 2019/198 |
| Online-ссылка: | Full text available on IMF |