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This study investigates the relationship between demography and inflation using panel cointegration for 24 countries during 1961-2014. It shows that the age structure of the population affects inflation. The answer to the question "is population aging inflationary or disinflationary?" depends on...
Persistent link: https://www.econbiz.de/10012257179
Using a panel data set of the 28 EU countries from 1970 to 2015, we study the nature of monetary and fiscal policies of both respective authorities and assess how economic and institutional events influence each authority's reaction functions. Our results show that, for the all period under...
Persistent link: https://www.econbiz.de/10012157298