Bericht
Macroeconomic implications of demographic developments in the euro area
This paper examines the macroeconomic consequences of future demographic trends for economic growth, financial markets and public finances. It shows that in the absence of reforms and responses by economic agents, the currently projected demographic trends imply a decline in average real GDP growth and a severe burden in terms of pay-as-you-go pension and health care systems. Population ageing will change the financial landscape, with a potentially larger role for financial intermediaries and asset prices. All this points to a need to closely monitor demographic change also from a monetary policy perspective. While population projections are surrounded by considerable uncertainty and the effects of demographic change tend to be drawn out, the magnitude of the potential effects calls for an early recognition of this issue. This paper provides some input to the examination of possible policy issues.
- Sprache
-
Englisch
- Erschienen in
-
Series: ECB Occasional Paper ; No. 51
- Klassifikation
-
Wirtschaft
- Thema
-
Bevölkerungsprognose
Wirtschaftswachstum
Finanzmarkt
Öffentlicher Haushalt
EU-Staaten
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Maddaloni, Angela
Musso, Alberto
Rother, Philipp
Ward-Warmedinger, Melanie
Westermann, Thomas
- Ereignis
-
Veröffentlichung
- (wer)
-
European Central Bank (ECB)
- (wo)
-
Frankfurt a. M.
- (wann)
-
2006
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Bericht
Beteiligte
- Maddaloni, Angela
- Musso, Alberto
- Rother, Philipp
- Ward-Warmedinger, Melanie
- Westermann, Thomas
- European Central Bank (ECB)
Entstanden
- 2006
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