An ageing world needs a different fiscal policy, says ECB
A European Central Bank policymaker says ageing societies put downward pressure on inflation rates because they spend less
04 March 2020 - 11:48
Madrid — A growing cohort of elderly and fewer young people is a big factor pushing down inflation rates around the world and policies need to be adapted in response, European Central Bank (ECB) policymaker Pablo Hernández de Cos has said.
He sees a need for a new policy response, where there’s a “bigger role” for both fiscal and macroprudential policies. That’s partly because equilibrium interest rates have been pushed so low in recent years...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.