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Daily Archives: September 3, 2012

Working Paper – Ageing, property prices and money demand

Ageing, property prices and money demand, by Kiyohiko G Nishimura and Előd Takáts, Working Papers No 385. September 2012, BIS

  • “When the baby boomers joined the workforce and started saving, money supply and property prices entered a rising trajectory. We conclude that demography was the long-run driver of this process, basing our argument on data from 22 advanced economies for the 1950-2010 period. According to our lifecycle model, large working-age populations saved for their old age by investing in property and broad money instruments, such as deposits. In the past, savings activity by baby boomers drove up property prices and also increased demand for money. As baby boomers retire, these dynamics will go into reverse. Falling demand for savings, including money and deposits, might hinder banks in their efforts to collect deposits and thereby bring down excessively high loan-to-deposit ratios. Our model also confirms that monetary stability contributes to long-run property price stability.”
  • Related postings on financial system
  • CRS – Promoting Global Internet Freedom: Policy and Technology

    Promoting Global Internet Freedom: Policy and Technology. Patricia Moloney Figliola, Specialist in Internet and Telecommunications Policy, August 30, 2012 “Internet freedom can be promoted in two ways, through legislation that mandates or prohibits certain activities, or through industry self regulation. Current legislation under consideration by Congress, the Global Online Freedom Act of 2011 (H.R. 3605),… Continue Reading

    EU Commission publishes guidance on application of competition rules in car sector

    News release: “The European Commission has published a set of frequently asked questions (FAQs) on the application of EU antitrust rules in the motor vehicle sector. The FAQs provide stakeholders with guidance on how the Commission applies these rules, in particular in the markets for repair and maintenance services and spare parts. “The FAQs are… Continue Reading

    Stanford Study – Organic Produce Reduces Exposure to Pesticides

    Environmental Working Group: “Consumers can markedly reduce their intake of pesticide residues and their exposure to antibiotic-resistant bacteria by choosing organic produce and meat, according to researchers at Stanford University who reviewed a massive body of scientific studies on the much-debated issue. The Stanford team analyzed more than 230 field studies and 17 human studies… Continue Reading

    Census – Census Bureau Reports There Are 89,004 Local Governments in the U.S.

    News release: “The U.S. Census Bureau released preliminary counts of local governments as the first component of the 2012 Census of Governments. In 2012, 89,004 local governments existed in the United States, down from 89,476 in the last census of governments conducted in 2007. Local governments included 3,031 counties (down from 3,033 in 2007), 19,522… Continue Reading

    Measuring financial inclusion: the Global Findex Database

    Measuring financial inclusion: the Global Findex Database. Asli Demirguc-Kunt, Leora Klapper, April 20, 2012, The World Bank “This paper provides the first analysis of the Global Financial Inclusion (Global Findex) Database, a new set of indicators that measure how adults in 148 economies save, borrow, make payments, and manage risk. The data show that 50… Continue Reading

    CRS – Researching Current Federal Legislation and Regulations

    Researching Current Federal Legislation and Regulations: A Guide to Resources for Congressional Staff. Jerry W. Mansfield, Information Research Specialist, August 31, 2012 “This report is designed to introduce congressional staff to selected governmental and nongovernmental sources that are useful in tracking and obtaining information federal legislation and regulations. It includes governmental sources such as the… Continue Reading