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We employ a money-based early warning model in order to analyse the risk of a low inflation regime in the Euro Area, Japan and the US. The model specification allows for three different inflation regimes: "Low", "Medium" and "High" inflation, while state transition probabilities vary over time...
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In this paper, we attempt to show why the importance of relational goods compared to conventional goods and status … goods threatens to decline in contemporary societies. In our point of view, the development of the relative significance of … these three types of goods is not a consequence of preference changes but of significant alterations in the opportunity …
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Anläßlich der hundertsten Wiederkehr von Knut Wicksells Werk "Geldzins- und Güterpreise" (1898) hat sich der Dogmenhistorische Ausschuß des Vereins für Socialpolitik auf seiner 18. Tagung dem bedeutenden Ökonomen gewidmet. Insbesondere die noch immer gültige Modernität der Aussagen...
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impact of smoking bans and cigarette prices on subjective well-being by analyzing data for 40 European countries and regions … anti-smoking policies on people with different propensities to smoke. We find that higher cigarette prices reduce the life …
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