Przeglądaj Kolegium Analiz Ekonomicznych / Collegium of Economic Analysis według tematu "life-cycle models"
Wyświetlanie pozycji 1-2 z 2
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Demographics and the natural interest rate in the euro area
(2020-07)We investigate the impact of demographics on the natural rate of interest (NRI) in the euro area, with a particular focus on the role played by economic openness, migrations and pension system design. To this end, we ... -
Intergenerational redistributive effects of monetary policy
(2021-03)This paper investigates the distributional consequences of monetary policy across generations. We use a life-cycle model with a rich asset structure as well as nominal and real rigidities calibrated to the euro area using ...
