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 …

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 …

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

, changes in the monetary policy stance influence households’ precautionary savings by altering the frequency of ZLB events. As …

We study interest rates transmission to savings at low and negative rates. Exploiting cohorts of consumers from a data …-rich multi-country survey, we show how the strength of interest rate transmission to savings varies with the level of nominal … levels, there is evidence that the savings response may even reverse sign. Such a "savings' reversal" is consistent with the …