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The impact of COVID-19 on subjective well-being: evidence from Singapore
Cheng, Terence Chai; Kim, Seonghoon; Koh, Kanghyock - 2020
We provide novel evidence on how the COVID-19 global health and economic crisis is affecting overall life satisfaction and domain-specific satisfaction using data from a monthly longitudinal survey of middle-aged and older Singaporeans. Using a difference-in-differences framework, we document...
Persistent link: https://www.econbiz.de/10012290922
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Quantifying the intangible impact of the olympics using subjective well-being data
Dolan, Paul; Kavetsos, Georgios; Krekel, Christian; … - 2019
Hosting the Olympic Games costs billions of taxpayer dollars. Following a quasi- experimental setting, this paper assesses the intangible impact of the London 2012 Olympics, using a novel panel of 26,000 residents in London, Paris, and Berlin during the summers of 2011, 2012, and 2013. We show...
Persistent link: https://www.econbiz.de/10012063244
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The effects of the Affordable Care Act medicaid expansion on subjective well-being
Kim, Seonghoon; Koh, Kanghyock - 2019
This study analyzes the effects of the 2014 Affordable Care Act (ACA) Medicaid expansion on the subjective well-being of individuals in the United States. Using data from the Panel Study of Income Dynamics, we find that the expansion has significantly improved the overall life satisfaction of...
Persistent link: https://www.econbiz.de/10012119022
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Fear of liftoff : uncertainty, rules and discreation in monetary policy normalization
Orphanides, Athanasios - 2015
stability invites short-term-oriented discretionary policymaking inconsistent with the systematic approach needed for monetary …
Persistent link: https://www.econbiz.de/10011327424
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Forecasting and policy making
Wieland, Volker; Wolters, Maik H. - 2012
Persistent link: https://www.econbiz.de/10010394237
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Fear of Liftoff : Uncertainty, Rules, and Discretion in Monetary Policy Normalization
Orphanides, Athanasios - 2019
maximum employment and price stability invites short-term-oriented discretionary policymaking inconsistent with the systematic …
Persistent link: https://www.econbiz.de/10012903929
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Fear of Liftoff : Uncertainty, Rules and Discretion in Monetary Policy Normalization
Orphanides, Athanasios - 2015
stability invites short-term-oriented discretionary policymaking inconsistent with the systematic approach needed for monetary …
Persistent link: https://www.econbiz.de/10013017027
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Should monetary policy lean against the wind in a small-open economy? : revisiting the Tinbergen rule
Peña, Rogelio De la - In: Latin American journal of central banking : LAJCB 2 (2021) 1, pp. 1-24
ineffective in achieving price and financial stability simultaneously. However, others have argued that monetary policy could play … wind or augmenting the Taylor rule with an argument on credit growth is not an optimal policy response; instead, the … optimal policy mix consists of using two separate tools that focus each on price and financial stability. At the same time …
Persistent link: https://www.econbiz.de/10012545868
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Uncertainty at the Zero Lower Bound
Nakata, Taisuke - 2015
This paper examines how the presence of uncertainty alters allocations and prices when the nominal interest rate is constrained by the zero lower bound. I conduct the analysis using a standard New Keynesian model in which the nominal interest rate is determined according to a truncated Taylor...
Persistent link: https://www.econbiz.de/10013035763
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Financial Intermediation and the Effectiveness of Macroprudential Policies
Jin, Hao - 2020
containing credit growth. We also show that "leaning-against-the-wind" macroprudential policies are able to stabilize economic …
Persistent link: https://www.econbiz.de/10012828576