Topics: - What are good approaches to measure the shortfall risk for individuals and pension plans? - What are appropriate models to measure long-run expected returns, volatilities, and correlations for retirement assets? - How good are individuals at saving for retirement and at managing their...

Financial stability is emerging as a distinct policy function of central banks, requiring its own scholarship separate from, but related to, monetary policy or bank supervision. One element of financial stability is to understand the benefits of and potential risks posed by new financial...