Population growth, saving, interest rates and stagnation : discussing the Eggertsson-Mehrotra model

Spahn, Peter

Population growth, saving, interest rates and stagnation : discussing the Eggertsson-Mehrotra model

dc.contributor.author	Spahn, Peter	de
dc.date.accessioned	2024-04-08T08:52:38Z
dc.date.available	2024-04-08T08:52:38Z
dc.date.created	2016-05-19
dc.date.issued	2016
dc.description.abstract	Post Keynesian stagnation theory argues that slower population growth dampens consumption and investment. A New Keynesian OLG model derives an unemployment equilibrium due to a negative natural rate in a three-generations credit contract framework. Besides deleveraging or rising inequality, also a shrinking population is a triggering factor. In all cases, a saving surplus drives real interest rates down. In other OLG settings however, with bonds as stores of value, slower population growth, on the contrary, causes a lack of saving and thus rising rates. Moreover, the recent fall in market interest rates was brought about by monetary factors.	en
dc.identifier.swb	469784717
dc.identifier.uri	https://hohpublica.uni-hohenheim.de/handle/123456789/6015
dc.identifier.urn	urn:nbn:de:bsz:100-opus-12131
dc.language.iso	eng
dc.relation.ispartofseries	Hohenheim discussion papers in business, economics and social sciences; 2016,04
dc.rights.license	publ-mit-pod	en
dc.rights.license	publ-mit-pod	de
dc.rights.uri	http://opus.uni-hohenheim.de/doku/lic_mit_pod.php
dc.subject	Overlapping generations	en
dc.subject	Zero lower bound	en
dc.subject	Deflation equilibrium	en
dc.subject	Natural versus market interest rates	en
dc.subject.ddc	330
dc.subject.gnd	Deflation	de
dc.subject.gnd	Bevölkerungswachstum	de
dc.subject.gnd	Zinstheorie	de
dc.title	Population growth, saving, interest rates and stagnation : discussing the Eggertsson-Mehrotra model	de
dc.type.dcmi	Text	de
dc.type.dini	WorkingPaper	de
local.access	uneingeschränkter Zugriff	en
local.access	uneingeschränkter Zugriff	de
local.bibliographicCitation.publisherPlace	Universität Hohenheim	de
local.export.bibtex	@techreport{Spahn2016, url = {https://hohpublica.uni-hohenheim.de/handle/123456789/6015}, author = {Spahn, Peter}, title = {Population growth, saving, interest rates and stagnation : discussing the Eggertsson-Mehrotra model}, year = {2016}, school = {Universität Hohenheim}, series = {Hohenheim discussion papers in business, economics and social sciences}, }
local.export.bibtexAuthor	Spahn, Peter
local.export.bibtexKey	Spahn2016
local.export.bibtexType	@techreport
local.faculty.number	3	de
local.institute.number	520	de
local.opus.number	1213
local.series.issueNumber	2016,04
local.series.title	Hohenheim discussion papers in business, economics and social sciences
local.university	Universität Hohenheim	de
local.university.faculty	Faculty of Business, Economics and Social Sciences	en
local.university.faculty	Fakultät Wirtschafts- und Sozialwissenschaften	de
local.university.institute	Institute for Economics	en
local.university.institute	Institut für Volkswirtschaftslehre	de

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