Jesus Fernandez-Villaverde on Demographic Trends, Recent Macroeconomic Developments, and AI’s Implications for Economic Growth
Macro Musings with David Beckworth
00:00
The Impact of China's Population Decline
China is beginning its first absolute decline in population or was it last? Yes, 2020. You just begin to think of all the empty buildings right? If you're housing 52 million South Koreans and now we only need 12. That has huge implications for cost, for maintenance, capital and infrastructure things like that. But I can tell you because I have already seen it and from Spain originally as probably most of your listeners come from my accent, Spain also has a very low fertility.
Transcript
Play full episode
