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Results of life satisfaction regressions for more than 91,000 individuals are used to investigate how the macroeconomic crisis of 2008-2009 has affected subjective well-being (SWB) in 30 OECD countries. In a number of countries, the effect of the crisis on a representative person's SWB is of a...
Persistent link: https://www.econbiz.de/10010438702
national income growth. The relationships found are used to construct an index of national economic performance in terms of SWB …
Persistent link: https://www.econbiz.de/10010438692
Using a modified version of the model presented by Belke and Gros (2007), we analyze the stability of adjustment in a … currency union. Using econometric estimates for parameter values we check the stability conditions for the 11 original EMU …
Persistent link: https://www.econbiz.de/10010425867
stability requires a discretionary economic policy. This position relies upon an analytical approach in which monetary and … nominal rigidities and financial commitment offer the means to achieve economic stability. This is because they prevent …
Persistent link: https://www.econbiz.de/10011943175
Using a modified version of the model presented by Belke and Gros (2007), we analyze the stability of adjustment in a … currency union. Using econometric estimates for parameter values we check the stability conditions for the 11 original EMU … adjustment, the adjustment to a price shock in EMU might take several decades. Keywords: EMU, convergence, stability …
Persistent link: https://www.econbiz.de/10003915319
The "unhappy growth paradox" found by Deaton (2008) and Lora and Chaparro (2008) on the Gallup World Poll (GWP) 2006 is …
Persistent link: https://www.econbiz.de/10010209012
stability. Business cycle and time-series characteristics of GDP and its components are employed to define various measures for … economic instability and for the persistence of adverse shocks. The results suggest that some growth-enhancing policies such as … lowering employment protection also reduce macroeconomic fluctuations, while others may generate trade-offs between growth and …
Persistent link: https://www.econbiz.de/10009769653
rates of GDP growth, unemployment and inflation during the macroeconomic crisis of 2008-2009 have affected subjective well …
Persistent link: https://www.econbiz.de/10014137579
Persistent link: https://www.econbiz.de/10011427605
Gross domestic product (GDP) is the most widely used indicator from the system of national accounts. Although often interpreted as an indicator for (economic) well-being, it first and foremost monitors economic activity, and falls short of reflecting broader measures which try to capture...
Persistent link: https://www.econbiz.de/10012133155