Browsing by Author "Kopecky, Joseph"
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The Age for Austerity? Population Age Structure and Fiscal Consolidation Multipliers
Kopecky, Joseph (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 ... -
Growing older and growing apart? Population age structure and trade
Kopecky, Joseph (2023)Purpose This paper explores the empirical relationship between population age structure and bilateral trade. Design/methodology/approach The author includes age structure in both log and Poisson pseudo-maximum ... -
Many Unions, One Estimate? Disaggregating the Currency Union Effect on Trade
Kopecky, Joseph (2023)A large literature estimates the impact of currency unions on trade. Often ignored in these estimates are the dramatic differences in the characteristics of countries adopting common currencies, hidden by aggregation ... -
A Match Made in Maastricht: Estimating The Treatment Effect of the Euro On Trade
Kopecky, Joseph (2023)Why do estimates of the European Monetary Union (EMU) effect on trade vary so greatly? Rose (2017) shows that the largest factor determining the size of EMU trade estimates is the choice of sample, with studies using only ... -
Okay Boomer... Excess Money Growth, Inflation, and Population Aging
Kopecky, Joseph (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
Kopecky, Joseph (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 ...