The aim of this paper is to investigate long-term portfolio management in a fully structural macro- financial framework. First, we estimate a Dynamic Stochastic General Equilibrium (DSGE) model that describes the dynamic of the US economy and financial markets. In addition to the typical...

"A real-world look at the pension revolution underway The Future of Pension Management offers a progress report from the field, using actual case studies from around the world. In the mid-70s, Peter Drucker predicted that demographic dynamics would eventually turn pensions into a major societal...

The retirement puzzle -- Capitalist crisis and pension insecurity -- Reconversion and the origin of bargained plans -- Turning labor into finance capital -- Toward the 401(k) ownership society -- Conclusions

The foundations of capitalism : beneficiary asset managers -- Unleashing innovation through better governance -- Unleashing innovation through people -- Unleashing innovation through collaboration -- Unleashing locational advantage -- The valley of opportunity : bringing innovation to venture...

Financial conglomerates have evolved in many countries with a developed financial system, their presence and impact are however quite diverse in these economies. Since this phenomenon raises interesting questions about the stability and efficiency of the financial system as well, it is worth...