Can interest rates make babies? The hidden demographic effects of monetary policy (Part 2) Biagio Bossone February 20, 2026 This page in: English © 2026 The World Bank Group,

https://blogs.worldbank.org/en/allaboutfinance/can-interest-rates-make-babies--the-hidden-demographic-effects-o0 Part 1 of this blog post analyzed the bidirectional relationship between demographic change and macroeconomic policy. Demography conditions the effectiveness of policy, while monetary and fiscal actions feed back onto fertility behavior. In this second part, the focus turns to coordination—how to align fiscal and monetary signals so that households receive coherent expectations about income, credit, and the feasibility of family formation. © 2026 The World Bank Group,