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Design Choices for Central Bank Digital Currency : Policy and Technical Considerations
Allen, Sarah - 2020
Central banks around the world are exploring and in some cases even piloting Central Bank Digital Currencies (CBDCs). CBDCs promise to realize a broad range of new capabilities, including direct government disbursements to citizens, frictionless consumer payment and money-transfer systems, and a...
Persistent link: https://www.econbiz.de/10012827328
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A Simple Model of a Central Bank Digital Currency
Mishra, Bineet; Prasad, Eswar S. - 2023
We develop a general equilibrium model that highlights the trade-offs between physical and digital forms of retail central bank money. The key differences between cash and central bank digital currency (CBDC) include transaction efficiency, possibilities for tax evasion, and, potentially,...
Persistent link: https://www.econbiz.de/10014354569
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Do You Even Crypto, Bro? Cryptocurrencies in Household Finance
Weber, Michael; Sheflin, Stephen; Coibion, Olivier; … - 2023
Bitcoin prices translate into their purchases of durable goods. Finally, exogenously-provided information about historical …
Persistent link: https://www.econbiz.de/10014349510
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Beauty is the Promise of Happiness?
Hamermesh, Daniel S. - 2011
We measure the impact of individuals' looks on their life satisfaction or happiness. Using five data sets from the U … about 0.10 standard deviations of additional satisfaction/happiness among men, 0.12 among women. Accounting for a wide …
Persistent link: https://www.econbiz.de/10013127722
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Health and Well-Being in the Crisis
Askitas, Nikos - 2011
The internet has become an important data source for the Social Sciences because these data are available without lags, can be regarded as involuntary surveys and hence have no observer effect, can be geo-labeled, are available for countries across the globe and can be viewed in continuous time...
Persistent link: https://www.econbiz.de/10013127723
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Will GDP Growth Increase Happiness in Developing Countries?
Clark, Andrew - 2011
thresholds. Such regime changes are visible to the eye through the lens of subjective satisfaction measures. The case of … Transition countries is particularly impressive in this respect: average life satisfaction scores closely mirrored changes in GDP …
Persistent link: https://www.econbiz.de/10013127954
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Retirement and Subjective Well-Being
Bonsang, Eric - 2011
We provide an explanation for the common finding that the effect of retirement on life satisfaction is negligible. For … this we use subjective well-being measures for life and domains of life satisfaction that are available in the German Socio …-Economic Panel (GSOEP) and show that the effect of voluntary retirement on satisfaction with current household income is negative …
Persistent link: https://www.econbiz.de/10013129086
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Beyond GDP and Back : What is the Value-Added by Additional Components of Welfare Measurement?
de New (née Kassenboehmer), Sonja C. - 2011
Recently, building on the highly polarizing Stiglitz report, a growing literature suggests that statistical offices and applied researchers explore other aspects of human welfare apart from material well-being, such as job security, crime, health, environmental factors and subjective...
Persistent link: https://www.econbiz.de/10013130791
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Emotional Prosperity and the Stiglitz Commission
Oswald, Andrew J. - 2011
This paper argues, in line with the proposals of the recent Stiglitz Commission on the Measurement of Economic Performance and Social Progress, that we should now be measuring a nation's emotional prosperity rather than its economic prosperity (that is, we ought to focus on the level of mental...
Persistent link: https://www.econbiz.de/10013131980
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Subjective Well-Being, Income, Economic Development and Growth
Sacks, Daniel W. - 2011
most countries around the world. Turning to the relationship between countries, we show that average life satisfaction is … higher in countries with greater GDP per capita. The magnitude of the satisfaction-income gradient is roughly the same …-being. Finally, studying changes in satisfaction over time, we find that as countries experience economic growth, their citizens …
Persistent link: https://www.econbiz.de/10013132818