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TY - JOUR DO - 10.23895/KDIJEP.2018.40.1.1 UR - https://doi.org/10.23895/KDIJEP.2018.40.1.1 TI - Impact of Demographic Changes on Inflation and the Macroeconomy† TT - Impact of Demographic Changes on Inflation and the Macroeconomy† T2 - kdijournalofeconomicpolicy AB - Ongoing demographic changes have brought about a substantial shift in the size and age composition of the population, which are having a significant impact on the global economy. Despite potentially grave consequences, demographic changes usually do not take center stage in many macroeconomic policy discussions or debates. This paper illustrates how demographic variables move over time and analyzes how they influence macroeconomic variables such as economic growth, inflation, savings and investment, and fiscal balances, from an empirical perspective. Based on empirical findings-particularly regarding inflation-we discuss their implications on macroeconomic policies, including monetary policy. We also highlight the need to consider the interactions between population dynamics and macroeconomic variables in macroeconomic policy decisions. AU - YOON JONG-WON AU - KIM JINILL AU - LEE JUNGJIN VL - 40 IS - 1 SP - 1 EP - 30 PY - 2018/02/28 PB - 한국개발연구원 SN - 2586-2995/2586-4130 LA - ENG ER -
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@article{10.23895/KDIJEP.2018.40.1.1, author = {YOONJONG-WON and KIMJINILL and LEEJUNGJIN}, title = {Impact of Demographic Changes on Inflation and the Macroeconomy†}, journal = {KDI Journal of Economic Policy}, publisher = {한국개발연구원}, volume = {40}, number = {1}, pages = {1-30} year = 2018, month = 02 }
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