Bank of Israel Age Structure and the Real Exchange Rate

@inproceedings{Braude2000BankOI,
  title={Bank of Israel Age Structure and the Real Exchange Rate},
  author={Jacob Braude},
  year={2000}
}
  • Jacob Braude
  • Published 2000
This paper reports an empirical finding on the relation between the age structure of economies and their real exchange rate. The relation varies with the level of development. Among developed countries a 10 percentage point higher ratio of old people to the working age population is associated with a 12-15 percent higher price level. In middle income developing economies, a 10 percentage point increase in the ratio of children to the working age population is related to a 4 percent increase in… CONTINUE READING