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the Western EU countries taking into account the effects of regional spillovers. According to the latest estimates over 16 … per cent of the EU citizens are poor (based on monetary concept). Using Europe 2020 strategy indicator people at risk of … poverty or social exclusion over 23 percent of EU citizens can be considered poor. In this study a spatial Durbin model (SDM …
Persistent link: https://www.econbiz.de/10011515562
The paper analyzes inflation targeting which is used in many countries as a tool for the monetary policy of central banks. The study of the experience of inflation targeting over the past quarter century shows a number of shortcomings. The important one is that inflation targeting is powerless...
Persistent link: https://www.econbiz.de/10012844946
This paper examines the challenges faced by the European Central Bank since the outbreak of the global financial crisis. From 2008 to 2014, the need to preserve the correct functioning of the monetary policy transmission mechanism and ensure the supply of credit to the private sector stretched...
Persistent link: https://www.econbiz.de/10012865150
Concerns over rising inequality have heightened in the years following the 2007-09 global financial crisis and, more recently, with the COVID-19 pandemic. This staff discussion paper reviews the historical facts regarding income inequality in Canada, comparing Canada with the United States and...
Persistent link: https://www.econbiz.de/10013336143
This paper re-emphasizes the importance of price stability as a tool for macroeconomic policy and make it more specific by considering a typically (unanticipated) advantage of stabilizing the Consumer Price Index (CPI). I briefly review the recent economic growth performance of the Indian...
Persistent link: https://www.econbiz.de/10014188735
Im Auftrag des Sozialministeriums Mecklenburg-Vorpommern wurde im Zeitraum zwischen dem 25. April und dem 15. Juni 2006 durch Prof. Dr. Jost W. Kramer und Diplom-Sozialverwaltungswirtin (FH) Monika Paßmann von der Hochschule Wismar, Forschungsstelle für Kooperation, Netzwerke und...
Persistent link: https://www.econbiz.de/10005863558
The 2005 reform of the German welfare system introduced two competing organizational models for welfare administration. In most districts, a centralized organization was established where local welfare agencies are bound to central directives. At the same time, 69 districts were allowed to opt...
Persistent link: https://www.econbiz.de/10013131526
Financial inclusion means every adult having access to fair and affordable savings, transactional banking, credit and insurance. It also requires consumers of financial services to be literate around their use. Whilst this sounds unobjectionably positive, expanding access to financial products...
Persistent link: https://www.econbiz.de/10012970862
Payday loans are widely condemned as a “predatory debt trap.” We test that claim by researching how households in Georgia and North Carolina have fared since those states banned payday loans in May 2004 and December 2005. Compared with households in states where payday lending is permitted,...
Persistent link: https://www.econbiz.de/10014222461
During Russia's transition, debates raged over the formation of a market economy and the role of the state. Behind these debates lay both the control of oligarchs over strategic branches of the economy that export raw materials and the experience of the 1998 crisis that drew attention to the...
Persistent link: https://www.econbiz.de/10013142768