The rise in inflation since mid-2021 to multi-decade highs presents a worrying trend for households’ financial health, particularly if nominal incomes, or non-inflation adjusted income, of financially vulnerable families lag behind prices. Policymakers have noted that lower income households...

How much do consumption patterns matter for the impact of international trade on inequality? In neoclassical trade models, the effects of trade shocks on consumers' purchasing power are governed by the shares of imports in consumer expenditures, under no parametric assumptions on preferences and...

Chapter 1. Introduction -- Chapter 2. Propaganda Versus Economics: Constructing a Myth -- Chapter 3. Buying Power Not Protest: The Myth Prevents Unrest -- Chapter 4.The Myth’s “BIG THREE” Modern Purveyors: Reviewing Selig, Nielsen, McKinsey & Co -- Chapter 5. The Myth at. Play: A Most...

We introduce a model of the economy as a social network. Two agents are linked to the extent that they transact with each other. This generates well-defined topological notions of location, neighborhood, and closeness. We investigate the implications of our model for monetary economics. When a...

Nicht alle Regionen sind in Deutschland gleichermaßen von Einkommensarmut betroffen. Um die besonders armutsgefährdeten Gebiete zu identifizieren, ist es wichtig, regionale Preisunterschiede zu berücksichtigen. Mit dem Maßstab der so ermittelten Kaufkraftarmut bewertet, treten die größeren...

Chapter 1. Propaganda v. Economics: Constructing a Myth -- Chapter 2. Buying Power Not Protest: The Myth Presents Unrest -- Chapter 3. The Myth’s Modern Purveyors: Reviewing Selig and Nielsen -- Chapter 4. The Myth at Play: The Oh So Suitable Environment -- Chapter 5. Freedom Was the Call but...

This paper looks at reform proposals for the fiscal transfer system in Germany to take account of differences in governmental purchasing powers across states, i.e. differences in governmental costs of public goods and services. Since data on differences in governmental purchasing power is...

The value of a dollar, 1860-2019 (table) -- 1860-1899: The age of endeavor -- 1900-1919: The progressive era and World War I -- 1920-1939: Return to "normalcy," the Great Depression, and recovery -- 1940-1959: World War II, recovery, and the Cold War -- 1960-1979: The Vietnam War and the global...

This paper looks at a reform proposal for the fiscal transfer system in Germany to take account of differences in governmental purchasing powers across states. Since data on differences in governmental purchasing power is missing for the states, differences in intergovernmental purchasing power...

Die Teilnehmerländer der europäischen Währungsunion verfügen über höchst unterschiedliche Regime der Lohnfindung. Diese Unterschiedlichkeit leistete einen eigenständigen Beitrag zur Auseinanderentwicklung der mitgliedsstaatlichen Lohn- und Preisniveaus und damit zu den realen...

This book provides a comprehensive overview of the economic and competition policy issues that buyer power creates. Drawing on economic analysis and cases from around the world, it explains why conventional seller side standards and analyses do not provide an adequate framework for responding to...

We show theoretically that the poor can benefit from price changes induced by higher income inequality. As the number of poor in a society increases, or when the income difference between rich and poor increases, the market for products aimed towards the poor grows and such products become more...

The ageing process of populations due to demographic change affects the economy in various ways. The study at hand focuses on the reallocation of income and changes in consumption expenses caused by demographic change. Local disparities on NUTS 3 level are of special interest as the demographic...

There are many explanations of the fall in prices and production called the Great Depression of 1929–33, but this article argues that a sufficient explanation of the price fall - the Great Deflation - was the resumption of the gold convertibility of currencies at prewar parities. The value...

We show theoretically that the poor can benefit from price changes induced by higher income inequality. As the number of poor in a society increases, or when the income difference between rich and poor increases, the market for products aimed towards the poor grows and such products become more...

We analyze expectations of the Dutch population of ages 25 and older concerning the future generosity state and occupational pensions, the two main pillars of the Dutch pension system. Since the summer of 2006, monthly survey data were collected on the expectations of Dutch households concerning...

The question of price level versus inflation targeting remains controversial. Disagreement concerns, not so much the desirability of price stability, but rather the means of achieving it. Irving Fisher argued for a commodity dollar standard where the purchasing power of money was fixed by...

We analyze expectations of the Dutch population of ages 25 and older concerning the future generosity state and occupational pensions, the two main pillars of the Dutch pension system. Since the summer of 2006, monthly survey data were collected on the expectations of Dutch households concerning...

The question of price level versus inflation targeting remains controversial. Disagreement concerns, not so much the desirability of price stability, but rather the means of achieving it. Irving Fisher argued for a commodity dollar standard where the purchasing power of money was fixed by...

We analyze expectations of the Dutch population of ages 25 and older concerning the future generosity state and occupational pensions, the two main pillars of the Dutch pension system. Since the summer of 2006, monthly survey data were collected on the expectations of Dutch households concerning...

We introduce a model of the economy as a social network. Two agents are linked to the extent that they transact with each other. This generates well-defi ned topological notions of location, neighborhood and closeness. We investigate the implications of our model for monetary economics. When a...

Die Frage nach der betrieblichen Standortwahl ist ein komplexer Prozess, bei dem mehrere Faktoren wie beispielsweise das Absatzpotential, die Konkurrenzsituation oder die Erreichbarkeit im Vorfeld untersucht werden müssen. Auch die finanzielle Ausstattung der Bevölkerung, die regional sehr...