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Demographic change and the rate of return in PAYG pension systems Discussion paper 57/2020: Matthias Schön
1 MB, PDF
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How are households’ consumption plans affected by the COVID-19 pandemic? Research Brief | 35th edition – November 2020
This research brief reports how consumption plans and spending propensities were affected at the early stages of the COVID-19 pandemic. An online survey shows that private households have been significantly more cautious in their spending intentions, while the average marginal propensity to spend has remained at an elevated level.
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Stellungnahme Vereinte Dienstleistungsgewerkschaft (ver.di) Stellungnahme im Rahmen der Veranstaltung "Ihre Bundesbank hört zu"
269 KB, PDF
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Households’ Expectations and Unintended Consequences of Policy Announcements Research Brief | 34th edition – November 2020
Announcements of policy actions may influence households’ expectations about future individual and aggregate economic outcomes. We show that households have lowered their expectations with regard to the economic situation and that uncertainty about the economy increased during the initial stage of the COVID-19 pandemic. We also show that households who received information on stabilizing monetary and fiscal policy measures, surprisingly, become more pessimistic concerning their future income and GDP growth.
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