Estimates for matrix coefficients of unitary representations of semisimple Lie groups have been studied for a long time, starting with the seminal work by Bargmann, by Ehrenpreis and Mautner, and by Kunze and Stein. Two types of estimates have been established: on the one hand, $L^p$ estimates, which are a dual formulation of the Kunze--Stein phenomenon, and which hold for all matrix coefficients, and on the other pointwise estimates related to asymptotic expansions at infinity, which are more precise but only hold for a restricted class of matrix coefficients. In this paper we prove a new type of estimate for the irreducibile unitary representations of ${\rm SL}(2,\Bbb{R})$ and for the so-called metaplectic representation, which we believe has the best features of, and implies, both forms of estimate described above. As an application outside representation theory, we prove a new $L^2$ estimate of dispersive type for the free Schr\"odinger equation in $\Bbb{R}^n$.
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