Do asset prices affect real activity? This question has taken on a new importance in recent years, as asset values first surged at the end of 1990s and, thereafter, dramatically retreated. This report reviews the available theoretical and empirical evidence regarding asset price and wealth...

The US-centred debate on the decoupling of productivity from workers' compensation has given rise to the question whether this decoupling has also taken place in other countries, and if so, to what degree. However, in-depth analyses of the extent and the underlying causes of wage-productivity...

Inflation affects the purchasing power of households. This paper documents large, idiosyncratic inflation differences between households in their everyday shopping. Low-income households have experienced higher inflation in the last ten years, but the difference for richer households has been...

The ongoing structural change towards the service and knowledge societies, innovations, and the increasing integration of markets will have considerable influence on the European Union, particularly on the Eastern members of EU. In March 2010, the European Commission released the Europe-2020...

"Celem diagnozy było: - przeprowadzenie badań dostarczających pełnej i rzetelnej wiedzy z zakresu potrzeb kulturalnych mieszkańców woj. podlaskiego; - wskazanie głównych barier uczestnictwa w kulturze wysokiej; - ilościowo-jakościowe określenie wizerunku instytucji kulturalnych, w tym...

This research work is intended to analyze the economic consequences and ethical challenges that are caused by the coronavirus pandemic and to predict whether one can find a balance within the arising conflict of interest between economy, health and ethics. The solution strategies of Germany,...

Angesichts der aktuellen Gasnotlage sind alle Verbraucher aufgefordert ihre Gasnachfrage zu reduzieren. Als wirksamster Anreiz zur Einsparung gelten hohe Preise. Doch viele Haushalte spüren das volle Ausmaß der Preisanstiege an den Gasmärkten aufgrund bestehender Verträge erst mit deutlicher...

Despite widespread claims by economists that humans have unlimited economic wants, evidence for this psychological claim is sparse. Here we focus on a common interpretation of unlimited wants as insatiable – unfulfilled wants persist even at higher incomes because new wants always emerge to...

notes on growth models with overlapping generations (OLG) structure

notes on exogenous growth models