Central bank independence and ageing


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