Research on Population Aging, Effectiveness of Monetary Policy, and Real Estate Prices

Abstract

As the global trend of population aging intensifies, the multifaceted impacts of aging on the economy are becoming increasingly apparent, especially in the areas of monetary policy and the real estate market. This paper aims to explore the intrinsic relationship between population aging, the effectiveness of monetary policy, and real estate prices. By analyzing the impact of demographic changes on consumption, savings, and investment behavior, the paper further reveals how aging affects the transmission mechanism of monetary policy and examines the role of monetary policy in real estate price fluctuations. The paper begins by defining the current status of population aging and discussing its broad economic impacts, followed by an analysis of the tools and transmission mechanisms of monetary policy and its specific effects on the real estate market. Based on the construction of a theoretical model, this paper also empirically tests the responses of the real estate market to monetary policy in different countries and regions facing aging societies. Finally, based on both theoretical and empirical research results, policy recommendations are made regarding the adjustment of monetary policy and regulation of the real estate market in the context of an aging society. This study provides theoretical support and practical guidance for policymakers to address the challenges that population aging brings to economic policy.