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Results of life satisfaction regressions for more than 91,000 individuals are used to investigate how the macroeconomic crisis of 2008-2009 has affected subjective well-being (SWB) in 30 OECD countries. In a number of countries, the effect of the crisis on a representative person's SWB is of a...
Persistent link: https://www.econbiz.de/10010435664
national income growth. The relationships found are used to construct an index of national economic performance in terms of SWB …
Persistent link: https://www.econbiz.de/10010435675
countries), raising doubts regarding the well-known Easterlin Paradox, a new paradox arises: 'unhappy growth', where faster … growth rates are accompanied by lower levels of satisfaction. The losses of satisfaction associated with growth are more …
Persistent link: https://www.econbiz.de/10010278209
This paper surveys recent research on aid and growth. It also provides an overview of research on inter-recipient aid … framework should be built on a recognition that the effectiveness of aid in increasing growth, and by implication in reducing … include political stability, democracy, post conflict reconstruction, and economic vulnerability. …
Persistent link: https://www.econbiz.de/10010279079
This paper summarises research on aid allocation and effectiveness, highlighting the current findings of recent research on aid allocation to fragile states. Fragile states are defined by the donor community as those with either critically poor policies or poorly performing institutions, or...
Persistent link: https://www.econbiz.de/10010279139
Using a modified version of the model presented by Belke and Gros (2007), we analyze the stability of adjustment in a … currency union. Using econometric estimates for parameter values we check the stability conditions for the 11 original EMU …
Persistent link: https://www.econbiz.de/10010420861
Using a modified version of the model presented by Belke and Gros (2007), we analyze the stability of adjustment in a … currency union. Using econometric estimates for parameter values we check the stability conditions for the 11 original EMU … adjustment, the adjustment to a price shock in EMU might take several decades. Keywords: EMU, convergence, stability. …
Persistent link: https://www.econbiz.de/10010460477
stability requires a discretionary economic policy. This position relies upon an analytical approach in which monetary and … nominal rigidities and financial commitment offer the means to achieve economic stability. This is because they prevent …
Persistent link: https://www.econbiz.de/10012060653
The "unhappy growth paradox" found by Deaton (2008) and Lora and Chaparro (2008) on the Gallup World Poll (GWP) 2006 is …
Persistent link: https://www.econbiz.de/10011429418
Economic growth is one of the objectives of the current government. Fiscal policy, encompassing government expenditure … and taxation decisions, can significantly impact on economic growth. This paper proposes a framework which views fiscal … policy through three lenses and applies this approach to consider how fiscal policy affects economic growth. The three lenses …
Persistent link: https://www.econbiz.de/10012115607