Economics of Ageing

Many developed countries have been facing population ageing as the most dominant demographic trend of the 21st century. Japan has been impacted more severely by the issues in economic, financial performance and public policy effectiveness (such as the long-term solvency of public pension, health care, and long-term care systems). The experience of Japan could be regarded as providing lessons for the key macroeconomic and financial outcomes of the ageing economy. Thus, the BdF-FFJ joint lab aims at bringing together leading researchers from academia, central banks, and other policy institutions to present research findings related to the importance of including demographic change and ageing in the decision-making of the central banks’ policies. The two major topics that will be discussed are the following: Fiscal sustainability and price dynamics in an ageing economy, and Innovation and human capital in an ageing economy.

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