Browsing Economics (Scholarly Publications) by Subject "demographic change"
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The Age for Austerity? Population Age Structure and Fiscal Consolidation Multipliers
(2022)Advanced economies face two important trends: population aging and rising debt. In the coming years, it will be critical to understand how policies undertaken by governments interact with their changing age structures. In ... -
Okay Boomer... Excess Money Growth, Inflation, and Population Aging
(2022)What determines the strength of the relationship between money growth and inflation? A large literature suggests that it has weakened since the 1980s, without a definitive explanation of the cause. I explore how population ... -
Population age structure and secular stagnation: Evidence from long run data
(2023)A large literature has reopened the secular stagnation hypothesis, first proposed near the end of the great depression as a warning for anemic growth resulting from long run trends in population aging. In this paper, I ...