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Baby Boomers vs. Millennials Through Monetary Policy?


  • Makoto Nakajima


Monetary policy affects retired and working households differently. To maintain its commitment to stable prices and maximum employment in an aging society, the Fed may need to rethink monetary policy.

Suggested Citation

  • Makoto Nakajima, 2020. "Baby Boomers vs. Millennials Through Monetary Policy?," Economic Insights, Federal Reserve Bank of Philadelphia, vol. 5(4), pages 1-11, December.
  • Handle: RePEc:fip:fedpei:89186

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