해외동향 | The Effect of Population Aging on Economic Growth, the Labor Force and Productivity | 한국금융연구원

[LHKOREA]

2016-07-26 일자 [제 16-56 호]

The Effect of Population Aging on Economic Growth, the Labor Force and Productivity
NBER (2016-07-26)

Population aging is widely assumed to have detrimental effects on economic growth yet there is little empirical evidence about the magnitude of its effects. This paper starts from the observation that many U.S. states have already ..  more

On the transactions costs of quantitative easing
BIS (2016-07-26)

Most quantitative easing programmes primarily involve central banks acquiring government liabilities in return for central bank reserves. In all cases this process is undertaken by purchasing these liabilities in the secondary mar ..  more

Forecasting GDP during and after the Great Recession
OECD (2016-07-26)

This paper compares the short-term forecasting performance of state-of-the-art large-scale dynamic factor models (DFMs) and the small-scale bridge models routinely used at the OECD. Pseudo-real time out-of-sample forecasts for Fra ..  more

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