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Nominal Term Structure and Term Premia. Evidence from Chile
Ceballos, Luis; Naudon, Alberto; Romero, Damian - Volkswirtschaftliche Fakultät, … - 2014
The downward trend exhibited in Chile’s nominal term structure since 2003 has been a common pattern shared by other developed and developing economies. To understand the behavior of the nominal yield curve in Chile, we rely on an affine dynamic term structure model (DTMS) which allows to...
Persistent link: https://www.econbiz.de/10011108020
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The yield curve and the prediction on the business cycle: a VAR analysis for the European Union
Cinquegrana, Giuseppe; Sarno, Domenico - Volkswirtschaftliche Fakultät, … - 2010
The literature on the yield curve deals with the capacity to predict the future inflation and the future real growth from the term structure of the interest rates. The aim of the paper is to verify this predictive power of the yield curve for the European Union at 16 countries in the 1995-2008...
Persistent link: https://www.econbiz.de/10008550561
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The dynamics of personal income distribution and inequality in the United States
Kitov, Ivan; Kitov, Oleg - Volkswirtschaftliche Fakultät, … - 2013
We model the evolution of age-dependent personal income distribution and inequality as expressed by the Gini ratio. In … our framework, inequality is an emergent property of a theoretical model we develop for the dynamics of individual incomes … in the Gini ratio since 2000. In the youngest age group (from 15 to 24 years), however, the level of income inequality …
Persistent link: https://www.econbiz.de/10011259180
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How To Win Acceptance Of The Inequality Process As Economics?
Angle, John - Volkswirtschaftliche Fakultät, … - 2013
The Inequality Process (IP) is a particle system model similar to that of the Kinetic Theory of Gases. The IP is a … business or government at present. One conceivable application of the IP to market research, small area estimation of personal …
Persistent link: https://www.econbiz.de/10011259327
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Redefining the Economical Power of Nations
Kiss, Christian - Volkswirtschaftliche Fakultät, … - 2013
This paper is (over the formulas) self explaining . The measurement of economies no longer by GDP alone, but by an Index that includes other important factors as well, a So-cial factors relativized GDP. This index cuts out the part of the GDP that is long term fro-zen up by social transfers...
Persistent link: https://www.econbiz.de/10011259539
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The Relationship between the Equivalence Scale and the Inequality Index and Its Impact on the Measurement of Income Inequality
Okamoto, Masato - Volkswirtschaftliche Fakultät, … - 2012
The paper discusses the ∪-shaped relationship between the equivalence scale n^ε and the Gini index instead of considering the equivalence scale’s relationship to the generalised entropy measures, which was studied by Coulter, et al. (1992). An end-point condition is given for the ∪-shaped...
Persistent link: https://www.econbiz.de/10011259680
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Consumption and Income Inequality During the Transition to a Market Economy: Poland, 1985–1992
Keane, Michael; Prasad, Eswar - Volkswirtschaftliche Fakultät, … - 2001
This paper challenges the conventional wisdom that income and consumption inequality in Poland increased substantially … income inequality increased in 1989 but subsequently declined to pretransition levels. The distribution of consumption … income inequality during the transition. However, the relative well-being of different socioeconomic groups was altered and …
Persistent link: https://www.econbiz.de/10011259807
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The Lisbon process, re-visited. A reality check of the European social model.
Tausch, Arno - Volkswirtschaftliche Fakultät, … - 2006
inequality. Established economics teaches us that for economic gaps to be bridged, a process of convergence sets in that was … of further regional income concentration and inequality, thus blocking the hopes of the poorer segments of the East …
Persistent link: https://www.econbiz.de/10005836321
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Is the Distribution of Income Shifting Away from Workers?
Tatom, John - Volkswirtschaftliche Fakultät, … - 2007
A popular and highly politicized theme today is that US workers are falling behind as their real wages fall and income gets redistributed to the rich. The Hamilton Project at the Brookings Institution, led by Robert Rubin, Lawrence Summers and Roger Altman, is dedicated to the study of this...
Persistent link: https://www.econbiz.de/10008506904
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Inequality and welfare in Spain and its Autonomous Communities
Goerlich, Francisco José; Villar, Antonio - Volkswirtschaftliche Fakultät, … - 2009
This paper presents an integration between the normative approach of Dalton-Atkinson-Sen to inequality measurement with … the positive approach related to the statistical dispersion or the generalized entropy family of inequality indexes. Given … weights represents the marginal social value of the individuals in the society, our approach selects a particular inequality …
Persistent link: https://www.econbiz.de/10008550061