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Pensions and Pension Systems
Pastor, Alfredo; Vázquez-Dodero, P.Technical Note ASEN-219-EEconomicsThis technical note describes pension schemes, both public and private, and surveys recent controversies surrounding public pay-as-you-go pension systems, especially when compared with fully funded schemes. The note gives the necessary tools to evaluate the pension burden, as well as criteria for comparison between alternative pension schemes. Two practical proposals are discussed at the end.Starting at €8.20
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The Monetary Policy of the European Central Bank
Pastor, AlfredoTechnical Note ASEN-215-EEconomicsStarting at €8.20
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The AS/AD Model
Pastor, AlfredoTechnical Note ECONN-243-EEconomicsThe Aggregate Supply-Aggregate Demand model (AS/AD for short) is designed for analyzing the short-run behavior of a closed economy. The main feature of such an economy is the following cycle: output Y oscillates around its potential or full-employment level Y*. If Y is more than Y*, higher inflation is the result; if Y is less than Y*, unemployment is unnecessarily high. Stabilization policies ¿ monetary and fiscal ¿ aim at keeping Y as close as ...Starting at €8.20