Central bank independence and ageing

Farvaque, Etienne and Héricourt, Jérôme and Lagadec, Gaël (2008): Central bank independence and ageing.

Abstract

We contrast the influence of demography and central bank independence on inflation. The recent demographic trends in developed countries are shown to weight more on inflation than central bank independence, while the contrary stands for the period from 1960 to 1979.

• Item Type: MPRA Paper
• Language: English
• Keywords: Demography ; Central Bank Independence ; Inflation
• Subjects: E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E58 - Central Banks and Their Policies

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