Firms' efforts to absorb the increase in wage costs by raising productivity and technological progress in recent years, as seen in the expansion of online shopping, also have contributed to the situation where prices do not increase easily. Furthermore, consumers now face the important question as to how they can prepare for a 100-year lifespan.
In July, as a forum for such ideas, we will host a public conference focused on the transparency and effectiveness of stress testing. Called Stress Testing: A Discussion and Review, the event will convene panel discussions, drawing on a mix of presenters with industry, academic, and regulatory backgrounds. It will involve written papers, which will be compiled and published to spur further research.