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The Portugal situation during the financial crisis

Lopreite, Milena - In: Advances in management & applied economics 1 (2011) 1, pp. 111-124

Today it's frequently used the terms PIGS or PIIGS, acronyms used by economic journalists to refer to different countries of the European Union for their statement of affairs. The bad connotation is evident from the fact that pigs in English suggest the bad state of the economies of these...

Persistent link: https://www.econbiz.de/10009958460

Die Einkommensverteilung : eine wichtige Größe für die Konjunkturprognose

Fichtner, Ferdinand; Junker, Simon; Schwäbe, Carsten - In: DIW-Wochenbericht : Wirtschaft, Politik, Wissenschaft 79 (2012) 22, pp. 3-10

Die Entwicklung des privaten Verbrauchs ist eine entscheidende Größe bei der Erstellung makroökonomischer Prognosen im Rahmen der Volkswirtschaftlichen Gesamtrechnungen. Als erklärende Variable für die Konsumentwicklung spielt damit auch die Ersparnisbildung der Haushalte eine zentrale...

Persistent link: https://www.econbiz.de/10010079408

The effect of stock market wealth on private consumption in Zimbabwe

Bindu, Samuel; Chigusiwa, Lloyd; Mazambani, D.; … - In: International journal of economic sciences and applied … 4 (2011) 2, pp. 125-142

The study seeks to examine stock market wealth effects on private non-durable consumption for Zimbabwean households … relationship between stock market wealth and consumption. An autoregressive distributed lag model (ARDL) analysis is implemented to … shows a speedy convergence to long run equilibrium. -- wealth effects ; consumption dynamics ; income effect ; convergence …

Persistent link: https://www.econbiz.de/10009958072

The use of behavioral finance in the wealth management process

Opolski, Krzysztof; Potocki, Tomasz - In: E-Finanse : finansowy kwartalnik internetowy 7 (2011) 4, pp. 55-65

The economic theories taking into consideration human behavior and based on the achievements of psychology, sociology, anthropology have been evolving at a blistering pace over the last decade. Owing to that, the behavioral finance has become one of the fastest developing academic areas focused...

Persistent link: https://www.econbiz.de/10009959729

The effectiveness of stock prices on the phase of short-term interest rates : evidence from Eastern European countries

Yıldırım, Nurtac; Ozcelebi, Oguzhan; Kansu, Aydan - In: Advances in management & applied economics 3 (2013) 4, pp. 21-35

In recent years the issue of the role of asset prices in monetary setting has become increasingly topical since booms and busts in asset market are associated with the fluctuations in overall economic activity through its impacts on aggregate spending. In this study, we use Smooth Transition...

Persistent link: https://www.econbiz.de/10010148062

The interrelationship between money supply, prices and government expenditures and economic growth : a causality analysis for the case of Cyprus

Georgantopoulos, Andreas G.; Tsamis, Anastasios D. - In: International journal of economic sciences and applied … 5 (2012) 3, pp. 115-128

This paper investigates the short run as well the long run relationships between money supply, inflation, government expenditure and economic growth by employing the Error Correction Mechanism (ECM) and Johansen co-integration test respectively for the case of Cyprus using annual data from 1980...

Persistent link: https://www.econbiz.de/10010097637

How quickly does structural reform pay off? : an empirical analysis of the short-term effects of unemployment benefit reform

Bouis, Romain; Causa, Orsetta; Demmou, Lilas; Duval, Romain - In: IZA Journal of Labor Policy 1 (2012), pp. 1-12

While there is a fairly broad consensus regarding the potential adverse effects of generous unemployment benefit insurance on steady-state employment, the short-term effects of benefit reforms are not well-established. This paper contributes to fill this gap by estimating impulse responses to...

Persistent link: https://www.econbiz.de/10010118882

The welfare cost of external habits : a quantitative assessment

Gómez, Manuel A. - In: Estudios de economía 37 (2010) 1, pp. 5-26

This paper quantifies the welfare cost of consumption externalities in an endogenous growth model with habit formation …. Agent’s utility depends on both current consumption and a reference consumption level determined by economy-wide average … past consumption. Although utility may be lower in the presence of consumption externalities, the welfare loss relative to …

Persistent link: https://www.econbiz.de/10009959110

The relationship between savings and economic growth in countries with different level of economic development

Misztal, Piotr - In: E-Finanse : finansowy kwartalnik internetowy 7 (2011) 2, pp. 17-29

The aim of this paper is to analyze the cause and effect relationship between economic growth and savings in advanced economies and in emerging and developing countries2. In this work we used the method based on studies in macroeconomics and international finance as well as econometric methods...

Persistent link: https://www.econbiz.de/10009959715

Wege zu einem höheren Wachstumspfad

Bach, Stefan; Baldi, Guido; Bernoth, Kerstin; Bremer, Björn - In: DIW-Wochenbericht : Wirtschaft, Politik, Wissenschaft 80 (2013) 26, pp. 6-17

Während manche Länder in der Europäischen Währungsunion aufgrund von Schulden- und Strukturkrisen tief in der Rezession stecken, steht die deutsche Wirtschaft derzeit glänzend da. Die Arbeitslosigkeit ist auf den niedrigsten Stand seit der Wiedervereinigung gefallen, die Wirtschaftsleistung...

Persistent link: https://www.econbiz.de/10010148270