More Summer Musings On Demography And Deflation

I wanted to share some more thoughts on the impact of demography on the conduct of monetary policy. Here I focus on the impact on money demand. 

First take a look at this graph showing the relationship between the aging of the Japanese population and Japanese money-velocity. 

Have a look at my summer musings on demography and deflation here.

See my previous webcast on the same topic here. 

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