We contrast the influence of demography and Central Bank Independence (CBI) on inflation. The recent demographic trends in developed countries are shown to weight more on inflation than CBI, while the contrary stands for the period from 1960 to 1979.
机构:
Res Inst Ind Econ IFN, SE-10215 Stockholm, Sweden
Univ Econ, Fac Econ, Dept Inst Econ, Prague, Czech RepublicRes Inst Ind Econ IFN, SE-10215 Stockholm, Sweden
Berggren, Niclas
Daunfeldt, Sven-Olov
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HUI Res, Stockholm, Sweden
Dalarna Univ, Dept Econ, Borlange, SwedenRes Inst Ind Econ IFN, SE-10215 Stockholm, Sweden
Daunfeldt, Sven-Olov
Hellstrom, Jorgen
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Umea Univ, Umea Sch Business & Econ, Umea, SwedenRes Inst Ind Econ IFN, SE-10215 Stockholm, Sweden