There are many consequences of population ageing, such as differences in consumer preferences and technological adaptability between the  2  BIS central bankers’ speeches  young and the old, but I will concentrate on one particular issue that is pertinent to balance sheet adjustments, namely, the possible effects of population ageing on property prices.
In this sense, financial stability concerns may rightly shape policymakers' views about the modal outlook for  2  The Federal Reserve is by no means the only institution in the United States that is concerned with the stability and functioning of the financial system.