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happiness. The evidence reveals that the negative effect of an economic recession on happiness can be at least twice the … positive effect of economic growth. In short, a single year of recession can undo the happiness gains from years of economic … nil relationship between macroeconomic performance and happiness. The evidence indicates that stable rather than rapid …
Persistent link: https://www.econbiz.de/10011661522
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It has been quite obvious for several years already that the attempts to achieve the aim of price stability are running into the greatest difficulties. While the rates of inflation are escalating in almost all countries, it is becoming increasingly clear at the same time that the authorities...
Persistent link: https://www.econbiz.de/10011558054
This article places the current economic stagnation in Germany in the context of previous crises since 1991. In terms of depth, the current macroeconomic crisis, resulting from the pandemic and geopolitical upheavals, has already exceeded the level of all three previous crises, in some cases...
Persistent link: https://www.econbiz.de/10015272702
Economic and social policy can reduce unemployment and poverty while also improving life expectancy and happiness …
Persistent link: https://www.econbiz.de/10015418060
This paper examines the impact of the COVID-19 pandemic on gross fixed capital formation across the euro area. The empirical analysis suggests that the intensity of the lockdown measures to contain the spread of the virus and the country-specific structure of the economy along with other...
Persistent link: https://www.econbiz.de/10013347704
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The following article uses a production function approach to analyse the long-term trends of the European growth potential. It describes the possibility of a further significant decline in the potential growth rate and the mechanisms of this decline. EU Member States are divided into five...
Persistent link: https://www.econbiz.de/10009663816