Cuando se habla de progreso social se apunta al hecho de que se hace referencia a un proceso por el cual la sociedad, los individuos o ambos están sujetos a cambios que se consideran positivos. Y, en consecuencia, este concepto lleva siempre implícito juicios de valor. Una cuestión que no...

Poverty is a problem of extreme seriousness in any society that limits and hinders the path to social progress. Much has been said about poverty, but the essential and inescapable point is that the real solution to the problem is to remove the factors that sustain it over time. And this is the...

Tradicionalmente el PIB había sido el indicador utilizado para medir el nivel de actividad, el desarrollo global de la sociedad, el progreso y el bienestar. Pero nuevas demandas han ido surgiendo en el siglo XXI y el PIB ya no puede medirlas y tampoco orientar las políticas para su logro. Han...

In April 2013, the Bank of Japan (BOJ) introduced an inflation target of 2% with the aim of overcoming deflation and achieving sustainable economic growth. But due to lower international oil prices, it was unable to achieve this target and was forced to take further measures. Hence, in February...

Since 1998, sales channels for investment trusts have expanded in Japan. We expected this to result in greater demand for investment trusts but these expectations have yet to be met. The underlying causes of investment trusts' slow growth may be due to negative net returns to individual...

The Fukushima Daiichi nuclear disaster was an accident at the Fukushima I Nuclear Power Plant in Fukushima, Japan, which resulted primarily from the tsunami following the Tohoku earthquake on 11 March 2011, and which led to year-long nuclear shutdown in the country. During the shutdown, Japan...

This paper studies how an aging population affects economic performance and the effectiveness of fiscal and monetary policies. We develop a New Keynesian dynamic stochastic general equilibrium model with heterogeneous households, workers, and retirees. We demonstrate that an increase in the...