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Central bank independence and ageing


25-02-2009
Par Admin Admin

Par Farvaque, Etienne, Héricourt, Jérôme and Lagadec, Gaël

 

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.

Keywords: Demography, Central Bank Independence, Inflation
JEL Classification: E58

 

 mpra_paper_13076