Assessment of alternative banking systems is a difficult problem with multiple and conflicting
criteria. This study proposes a multi-criteria decision-making (MCDM) model for evaluating …

This original and panoramic book proposes that the underlying forces of demography and
globalisation will shortly reverse three multi-decade global trends–it will raise inflation and …

We use a sufficient statistic approach to quantify the general equilibrium effects of population
aging on wealth accumulation, expected asset returns, and global imbalances. Combining …

We investigate the impact of demographics on the natural rate of interest (NRI) in the euro
area, with a particular focus on the role played by economic openness, migrations and …

We develop a heterogeneous agent, overlapping generations model with nonhomothetic
preferences that nests several explanations for the decline in the natural rate of interest (r∗) …

We build a life-cycle model in which a representative firm produces a final good using
routine and non-routine labor as well as traditional and automation capital (eg robots) …

In this paper, we analyze structural changes and dynamic adjustments in a three-region
open-economy New Keynesian model with search and matching labor market and a life …

Incorporating arbitrage-free term-structure dynamics into a semi-structural macro-model, we
jointly estimate the real equilibrium interest rate (r*), trend inflation, and term premia for the …

While population has been aging globally, regions and countries are significantly
asymmetric in the timing and speed of the demographic transitions, especially between …

La zona euro ha sido especialmente vulnerable a los choques derivados de la pandemia y
la guerra, lo que ha contribuido en gran medida a una inflación récord. Esto requirió una …