What are the implications of aging populations for the conduct of monetary policy?

Jan 10, 2023 ... Specifically, we identify a contractionary monetary policy shock that coincides with a decrease in the supply of loans (MP Loan Supply) and ... "The Monetary Policy Debate Since October 1979: Lessons for Theory and Practice." Federal Reserve Bank of St. Louis Review 87, no. 2, part 2 (March/April ... The Board is committed to do what is necessary to ensure that inflation in Australia returns to the 2 to 3 per cent target range over time. It is seeking to do ... Expansionary and contractionary policies emphasize however differ and it is safe to say that they are indeed two ends of a spectrum. For instance, expansion ... Nov 17, 2022 ... ... contractionary monetary policy shocks increase U.S. income and consumption inequality. The contrasting effects are primarily due to the ... A contractionary MP shock decreases output and inflation rates even under the ELB. •. However, the effects of identified MP shocks on macroeconomic variables ... Aug 27, 2019 ... Conversely, contractionary monetary policies (“tight money”) often lead to a temporary increase in short-term interest rates. But it is not ... ... contractionary monetary policy have two effects on households' labor supply decisions. On the one hand, when monetary policy tightens, there's a ... The aim of tight monetary policy is usually to reduce inflation. With higher interest rates there will be a slowdown in the rate of economic growth. ... policy. Impulse response of unemployment rates for high and low-skill workers show low-skill workers bear a greater burden of contractionary monetary policy ...