HOW DEMOGRAPHY AFFECTS THE ECONOMY - IMPACT OF POPULATION AGEING ON INFLATION

• Authors: Broniatowska Paulina
• Languages of publication: EN

Abstracts

EN

The motivation of this paper is to check whether inflation is linked to the population age structure. To check this hypothesis, a panel data model is used. We regress the changes in CPI on a set of macroeconomic variables. The results of the estimations suggest that there may be a relation between demography and low-frequency inflation. A larger old-age dependency ratio is correlated with lower inflation. This may confirm some of the previous empirical findings that ageing is deflationary when related to increased life expectancy.

Keywords

EN

population ageing; inflation; demography

• Publisher: Katedra Ekonometrii i Statystyki, Szkoła Główna Gospodarstwa Wiejskiego w Warszawie
• Journal: Metody Ilościowe w Badaniach Ekonomicznych
• Year: 2018
• Volume: 19
• Issue: 1
• Pages: 1-11

Contributors

author

Broniatowska Paulina

• Collegium of Economic Analysis, Warsaw School of Economics, Poland

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