| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w24902 |
| 来源ID | Working Paper 24902 |
| Aging, Output Per Capita and Secular Stagnation | |
| Gauti B. Eggertsson; Manuel Lancastre; Lawrence H. Summers | |
| 发表日期 | 2018-08-13 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | This paper re-examines the relationship between population aging and economic growth. We confirm previous research such as Cutler, Poterba, Sheiner, and Summers (1990) and Acemoglu and Restrepo (2017) that show positive correlation between measures of population aging and per-capita output growth. Our contribution is demonstrating that this relationship breaks down when the adjustment of interest rates is inhibited by an effective lower bound on nominal rates as took place during the Great Financial Crisis decade. Indeed, during the “secular stagnation regime” of 2008-2015 that prevailed in a number of countries, aging had a negative impact on living standards, consistent with the secular stagnation hypothesis. |
| 主题 | Macroeconomics ; Business Cycles ; Monetary Policy ; Development and Growth ; Growth and Productivity |
| URL | https://www.nber.org/papers/w24902 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/582576 |
| 推荐引用方式 GB/T 7714 | Gauti B. Eggertsson,Manuel Lancastre,Lawrence H. Summers. Aging, Output Per Capita and Secular Stagnation. 2018. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w24902.pdf（297KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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