This paper analyzes optimal monetary and fiscal policy in a model where money and savings are essential and asset …

Post Keynesian stagnation theory argues that slower population growth dampens consumption and investment. A New …

Post Keynesian stagnation theory argues that slower population growth dampens consumption and investment. A New …

longevity - or expectations thereof - puts downward pressure on the real interest rate, as agents build up their savings in … retirees to workers). Because retirees save less than workers, this compositional effect lowers the aggregate savings rate and …