We explore bifurcation phenomena in the open-economy New Keynesian model developed by Clarida, Gali and Gertler (2002). We find that the open economy framework can bring about more complex dynamics, along with a wider variety of qualitative behaviors and policy responses. Introducing parameters...

We explore bifurcation phenomena in the open-economy New Keynesian model developed by Gali and Monacelli (2005). We find that the open economy framework brings about more complex dynamics, along with a wider variety of qualitative behaviors and policy responses. Introducing parameters related to...

The Greek parliamentary elections in January .2015 led to a foreseeable change in government. The coalition government between the conservative Nea Dimokratia and of the socialist PASOK, become replaced. by a coalition government between the left wing coalition party SYRIZA and the extreme...

This paper analyses both the basic assumptions and the results of the better known and widely used global models - specifically, the UN world model, the RIO (Reshaping the International Order) model and the Bariloche model - in relation to basic needs and to North-South interdependence. The...

Happiness is rising on the political agenda and this calls for measures of how well nations perform in creating great happiness for a great number, analogous to measures of success in creating wealth, such as GDP. Happiness is defined as subjective enjoyment of one’s life as-a-whole and this...

This paper studies the effect of fruit and vegetable consumption on human well-being. Using individual-level panel data from a representative sample of Australian households, I estimate the intake of fruit and vegetables to have positive and statistically significant impacts on a wide range of...

A comparison of measures of happiness and life evaluation indicates significant differences in correlates. Life evaluation is less dependent on external circumstances than happiness. Temporary changes in health, labour market status and income have a smaller impact on life evaluation than on...

Recent studies on life satisfaction or well-being focus on transition countries. These countries are the Central Eastern European and Baltic states (CEE) and the Commonwealth of Independent States (CIS). The half of the CEE countries are meanwhile members of the European Union (EU). Using the...