This the author accepted manuscript. The final version is available from Berghahn via the DOI in this record ; Ugly emotions like envy and greed tend to emerge ethnographically through accusations (as opposed to self-attribution), de-centring the individual psyche and drawing attention to how emotions are deployed in broader projects of moral policing. Tracking the moral, social dimension of emotions through accusations helps to account concretely for the political, economic and ideological factors that shape people's ethical worldviews – their defences, judgements and anxieties. Developing an anthropological understanding of these politics of accusation leads us to connect classical anthropological themes of witchcraft, scapegoating, and interand intra-communal conflict with ethnographic interventions into contemporary debates around speculative bubbles, inequality, migration, climate change and gender. We argue that a focus on the politics of accusation that surrounds envy and greed has the potential to allow for a more analytically subtle and grounded understanding of both ethics and emotions.
During the last twenty years it has become clear, that the European Community and East Asia both are pursuing protectionist agricultural policies. This trend is likely to increase. Since such a policy reduces the efficiency of the world food economy, this study aims at unveiling the reasons behind it. The different papers work on the following aspects: the relative magnitudes of the trade and welfare effects of agricultural policies in East Asia and Western Europe, including the consequences for Australian farm incomes; Japan's beef trade; implications for agricultural trade of China's recent economic growth and policy reforms. (DÜI-Sbt)
In order to make sense of contemporary prefigurative movements and their transformative potential, we need a more expansive notion of politics and a more nuanced understanding of 'the state' than that found in most North American social movement theory. In this chapter, Brissette traces critics' failure to register the political nature of prefigurative politics to an underlying conceptual framework that defines politics in relation to existing state structures and reifies the state as a bounded entity distinct from society. Drawing on Marx's theorization of the state as abstraction to contest this reification, Brissette locates the political nature of prefigurative movements in the process of constituting collective life as a community-in-freedom beyond the state.
"Following a decade of radical economic and workplace restructuring, it is important to understand how state employment policies support or deny human flourishing. This article utilizes a realist document analysis approach and reviews European employment policy through a moral economy lens. It fuses different moral economy approaches, drawing together the work of Karl Polanyi and Andrew Sayer a multi-layered conceptual lens is offered that explores the tensions between a commodification of labour and human needs. A dominant market ideology is revealed, highlighting how quality work has been subsumed by the flexicurity agenda in the EU." (Author's abstract, IAB-Doku) ((en))
This paper explores the importance of housing and mortgage market heterogeneity in 12 European countries for the transmission of monetary policy. We use a panel VAR model which is estimated over the period 1995-2006 to generate impulse responses of key macroeconomic variables to a monetary policy shock. We propose a data-driven approach that splits our panel of countries into two disjoint groups according to the impact of the monetary policy shock on real house prices. Our results show that in countries with a more pronounced reaction of real house prices the propagation of monetary policy shocks to macroeconomic variables is amplified.
Cover -- CONTENTS -- MONETARY POLICY AFTER THE EXCHANGE RATE FLOOR EXIT -- A. Background -- B. Policy Objectives and Uncertainty -- C. Model and Benchmark Scenario -- D. Alternative Scenarios -- E. Minimizing Policy Errors -- F. Conclusion -- FIGURES -- 1. Benchmark Scenario -- 2. Higher Direct Pass-Through -- 3. Stronger Cost-Push (Pull) Effect -- 4. Stronger RER Trend Appreciation -- 5. Combined Shock -- 6. Monetary Policy is Ex-post Too Tight (Type II Policy Error) -- 7. Monetary Policy is Ex-post Too Loose (Type I Policy Error) -- ANNEX -- I. Model Specifications.
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Cover -- CONTENTS -- Glossary -- EXECUTIVE SUMMARY -- INTRODUCTION -- INSTITUTIONAL FRAMEWORK -- A. Institutional Setting -- B. Domestic Coordination and Cooperation -- C. Cross-Border Coordination and Cooperation -- CRISIS PREPAREDNESS -- A. Financial Stability Assessment and Contingency Planning -- B. Strengthening Banks' Loss Absorption Capacity -- C. Recovery and Resolution Planning -- EARLY INTERVENTION AND RESOLUTION TRIGGERS -- A. Early Intervention -- B. Triggers for Entry into Resolution -- CRISIS MANAGEMENT -- A. Scope of Resolution Regime -- B. Resolution Powers and Safeguards
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Growth is gaining momentum, led by strong external demand while domestic demand is also picking up. The central bank's foreign exchange intervention policy has helped stem deflationary pressures but inflation is still well below target. Following substantial fiscal adjustment over the past three years, an easing of the fiscal stance is underway and the new government's medium-term fiscal plans have not yet been fully elaborated. The financial system is sound and resilient to shocks, and improvements in the regulatory and supervisory architecture are ongoing. The challenge for the authorities i
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This 2014 Article IV Consultation highlights that the Russian Federationâ??s growth slowdown that began in 2011, reflecting structural constraints, continued in 2013 despite accommodative policies. Real GDP growth slowed to 1.3 percent owing to a contraction in investment while consumption remained robust owing to strong real wage growth and an unsecured consumer credit boom. The general government balance moved from a modest surplus in 2012 to a deficit of slightly more than 1 percent of GDP in 2013. The IMF staff projects real GDP growth at 0.2 percent in 2014 with considerable downside risk
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