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. In the meantime, life expectancy has grown to exceed retirement age by about two decades. The savings requirements for … this long retirement period lead to an excess of the supply of savings (including social security contributions), which …
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characterization of asset premia and precautionary savings effects in steady state …
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This essay looks at the bidirectional relationship between financial history and financial economics. It begins by giving a brief history of financial economics by outlining the main topics of interest to financial economists. It then documents and explains the increasing influence of financial...
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Since the beginning of the fall of monetarism in the mid-1980s, mainstream macroeconomics has incorporated many of the principles of post-Keynesian endogenous money theory. This paper argues that the most important critical component of post-Keynesian monetary theory today is its rejection of...
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