Higher income is associated with greater well-being, but do income gains and losses impact on well-being differently … falls in income have a larger impact on well-being than equivalent income gains. The effect is not explained by the … diminishing returns to well-being of income. Our findings show that loss aversion applies to experienced losses, counteracting …

Using annual data from several sources, we study the evolution of M1, M2, income, prices and long and short interest … rates in Ireland over the period 1933-2012. We find cointegration and that prices, income and interest rates are weakly … relatively high income elasticity, and detect parameter instability. We estimate a short-run M2 demand function that passes a …

ultimately replaced in what follows. The formal point of reference is "the integrated approach to credit, money, income …

the price hikes in Pakistan in the early 1970s. We investigate the causal relations between real money and real income …, between nominal money and nominal income, and between nominal money and prices using the annual data set from 1959-60 to 2003 … changing prices without any feedback. In the earlier studies on income the feedback mechanism of money is found missing perhaps …

Using annual data from several sources, we study the evolution of M1, M2, income, prices and long and short interest … rates in Ireland over the period 1933-2012. We find cointegration and that prices, income and interest rates are weakly … relatively high income elasticity, and detect parameter instability. We estimate a short-run M2 demand function that passes a …