Suchergebnisse

The National Bank of Ukraine (NBU) suspended inflation targeting for the period of martial law, but announced a return to it as soon as the situation allows. The post-war normalization of monetary policy in Ukraine is historically unprecedented, since most of the known cases involve the relaunch of money circulation and the adjustment of banking activities, the establishment of the central bank as an institution designed to eliminate the macroeconomic preconditions of internal conflicts. At the same time, military conflicts are characterized by monetary financing of the budget, a spike in inflation and increased dollarization, and seigniorage may be the optimal form of compensation for a sudden loss of tax revenues only to a limited extent. The restoration of inflation targeting in Ukraine will face a number of general macroeconomic challenges such as: acceleration of inflation, delay in the adjustment of non-core inflation components, uncertainty regarding the volume of monetary financing of the deficit after the end of martial law; degradation of monetary transmission; decline in inflation expectations and likely strengthening of pass-through effects. However, these challenges are more likely to affect the timing of return to inflation targeting. From a technical point of view, this process will encounter problems related to: specification of the inflation target (new "sloping" corridor, actualization of the old target in various forms); probable optimal decrease in its level due to European integration; decline in the criterion values of GDP gap and the level of neutral rate when assessing the monetary policy stance; resuming the accumulation of foreign exchange reserves with the corresponding continuation of the tendency to maintain the liquidity structural surplus. The independence of the NBU will play a key role in neutralizing the credibility problem in the face of potential alternative between the speed of inflation stabilization and the acceleration of economic recovery.

The purpose of this study was to explore the indirect and direct relationships of Big-5 and dark personality traits (i.e., extroversion, neuroticism, agreeableness, openness, conscientiousness, narcissism, Machiavellianism, psychopathy, sadism, and spitefulness) with job performance via perfectionism, stress, and social media addiction. A total of 514 private sector employees filled out a query sheet that included the assessment tools for the variables. Path analysis using a multiple mediation model indicated that neuroticism was negatively directly and indirectly related to job performance via stress and social media addiction. Machiavellianism and spitefulness were directly positively associated with job performance, and Machiavellianism-related higher social media addiction diminished the direct positive effect of Machiavellianism on job performance, indicating complex relationships. Furthermore, stress, social media addiction, and perfectionism were related to different personality traits positively and negatively. Findings of the present study suggest that an anti-social personality may promote higher job performance. However, job performance may be adversely affected by the adverse consequences relating to these traits. Professionals and firms that attempt to increase job performance should take anti-social personality traits and their complex effects on job performance into account.

An analytical note on the results of the International Scientific Conference"Europe without frontiers: economic, political, civilizational and cultural integration", Majorca (Spain), September 14-21, 2018