In recent years, projects have sought to embed distributional aspects within national accounts, with household distributional information set to feature in the next System of National Accounts. There is growing emphasis on capturing all material dimensions of welfare—income, consumption, and wealth—at both macro and micro levels within a unified framework.
We model how a central bank communicates its noisy forecasts (forward guidance) while taking into account its own uncertainty (confidence) and the public’s perception of the bank’s uncertainty (reputation for confidence). This creates a mismatch between the public and central bank’s interpretation of the bank announcement which induces the bank to communicate with partial transparency and deliberate imprecision. Moreover, with higher confidence (lower reputation) announcements are more precise.
Greece’s employment balance was negative in September with 9,196 more departures than hires, according to data from the Labour Ministry’s ERGANI information system.
The government’s plan to shut down 204 branches of the Hellenic Post (ELTA) has triggered a full-blown rebellion within New Democracy, with MPs railing against the decision in a marathon teleconference that exposed deep fractures in the ruling party.
How willing are big banks to look into the abyss?
Building up financial exposure to a business you don’t control can be risky, but buying minority stakes does offer advantages
Popularity of evergreen vehicles with wealthy individuals could ‘fundamentally alter the landscape of private equity’
Service providers in British Virgin Islands, Bahamas and Cayman Islands warn of unpaid fees and stranded assets
Poland and other countries across Europe that found economic success in an era of collaboration are now facing a crumbling of international alliances.
Dominari Holdings and Yorkville Advisors are benefiting from close connections with Eric and Donald Trump Jr
