Shock from Graying: Is the Demographic Shift Weakening Monetary Policy Effectiveness

WP/13/191

Shock from Graying: Is the Demographic Shift Weakening Monetary Policy Effectiveness
Abstract Empirical evidence is mounting that, in advanced economies, changes in monetary policy have a more benign impact on the economy—given better anchored inflation expectations and inflation being less responsive to variation in unemployment—compared to the past. We examine another aspect that could explain this empirical finding, namely... READ MORE...

Publication date: September 2013
ISBN 9781475598070
$18.00

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Publication date: September 2013

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Publication date: September 2013

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