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and bond investments during accumulation of pension savings. The model has been proposed and analyzed by the authors. We … of saving, the level of savings and the short rate. We furthermore summarize the results of testing the model on the …
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A tighter monetary policy is generally associated with higher real interest rates on deposits and loans, weaker performance of equities and real estate, and slower growth in employment and wages. How does a household's exposure to monetary policy vary with its age? The size and composition of...
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