| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP10887 |
| DP10887 Demographics and the Secular Stagnation Hypothesis in Europe | |
| Carlo A. Favero; Vincenzo Galasso | |
| 发表日期 | 2015-10-18 |
| 出版年 | 2015 |
| 语种 | 英语 |
| 摘要 | Demographic trends in Europe do not support empirically the secular stagnation hypothesis. Our evidence shows that the age structure of population generates less long-term growth but positive real rates. Policies for growth become very important. We assess the relevance of the demographic structure for the choice between macro adjustements and structural reforms. We show that middle aged and elderly individuals have a more negative view of reforms, competitiveness and globalization than young. Our results suggest that older countries -- in terms of share of elderly people -- should lean more towards macroeconomic adjustments, whereas younger nations will be more supportive of structural reforms. |
| 主题 | International Macroeconomics and Finance |
| 关键词 | Europe Growth Real interest rates Stochastic mortality |
| URL | https://cepr.org/publications/dp10887 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/539717 |
| 推荐引用方式 GB/T 7714 | Carlo A. Favero,Vincenzo Galasso. DP10887 Demographics and the Secular Stagnation Hypothesis in Europe. 2015. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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