In the times of global instability and crises the role of government has gained more importance, especially its institutional power. The world after pandemic will rely even more on the governments even when tackling unemployment. Monetary policy is one of the powerful instruments that can be used for this scope. The article provides an important theoretical base to the study of the problem of influence of monetary policy on unemployment level. A comparative framework to the analysis of the issue outlined above based on foreign studies and research is a crucial element in constructing a theoretical basis for conduction of research and obtaining practical results for Ukraine. Presented work provides an important source of information to the study of unemployment. An importance of business cycles, labor force productivity and developed infrastructure is emphasized. An evolution of views of classical and modern theoretical approaches to studying the impact of monetary policy on the level of employment using a historical research method is presented. The main trends, points of view and main indicators that were used to study the question of monetary policy impact on employment in a historical context are determined. The paper also provides information on the use of classical instruments of monetary policy by countries and central banks during crisis. A comparative characteristic of elements of classical and modern approaches to study of the influence of monetary policy on employment is represented in the form of a table. The following study is an important source of information for Ukrainian science in development of approach towards the analysis of problem of unemployment and finding the ways of tackling it using the monetary policy mechanisms. The following article provides various viewpoints and approaches, outlines main theories, elements and variables taken into account when analyzing the effect of monetary policy measures on employment level. Based on the material provided, this paper is finalized with conclusions and recommendations for further study of the question of monetary policy impact on employment.
The article investigates a question of trust to ECB in the time period between 2012 and 2014 that was characterized by a global challenge in the aftermath of the global financial crisis. The main topic of this article is consideration of trust in a public institution and its connection with economic indicators. The question of dependency between annual change in unemployment and the level of trust in ECB in 15 European countries as well as dependency between annual change in GDP and the trust in ECB in the chosen countries is discussed. The investigation is based on the data from Eurobarometer survey.
The article suggests a scientific approach to determine the factors affecting strategic results of non-profit organizations. It provides an analysis of scientific publications concentrating on the question of a change in governance, analyzing the types of motivations, incentives and expertise of the future board members as factors that will improve the performance of the company. The most recent studies prove that philanthropic giving has become a tool in improving performance of the companies and achieving better economic results. The question of change in governance is seen as an important challenge to face, because the studies provide evidence on the importance of the prevalence of intrinsic motives over extrinsic ones, strong leadership abilities, education as well as managerial and accounting expertise. In this work the concept of governance is strictly addressed to the context of non-profit organizations, paying considerable attention to the board characteristics. Literature findings provide that public and non-profit employees are similarly motivated by intrinsic rewards. Literature provides evidences form many studies about education as a factor, defining a choice of work in a non-profit sector. The most recent research provides that information technology is one of the skills that board members don't possess. Apart from that, accounting and managerial expertise are seen as the key driver to effective achievement of company goals. It was revealed that expertise, experience and social relations are the most desired capabilities in NPO board members.
The purpose of the paper is to determine the dynamics of trust in the ECB in the most recent period, to compare the findings with a previous study of Farvaque et al. (2010) and to explore the question of importance of citizen's trust in public institution for the economic performance of the country. This paper is dedicated to the study of the determinants of trust in the European Central Bank. The study attempts to give an answer to a question posed in introduction: can distrust kill the euro? After the world economic crisis the trust in the ECB began to deteriorate. Citizen's trust in public institutions plays an important role for the economic performance of the country. Methology. We rely on the micro data from the European Commission's Eurobarometer survey. This paper contributes empirically to the existing literature dedicated to the issue of trust in public institutions. The responses in 15 EU-member countries were taken into account. The present work uses the model of Farvaque et al. (2010) extending the time frame considered previously, giving a broader picture on this issue using the most recent data. Results. In accordance with our findings, the population that support the ECB is approximately equal to the population that does not trust in the community bank, with a mean value of 0,51. Even if there are still more supporters of the ECB, this data should provide an alarm for the European institutional framework, in consideration that in 1999 (in accordance with Farvaque et al. (2010)) the mean value was 0,67. Practical implications. According to our findings, still people with higher level of education, people with a higher social status, people with center or right-wing political orientation, people with optimistic expectations on the economic situation have more trust in the ECB. However, we have found that women have become more supportive about the ECB than men in contrast with the findings of Farvaque et al. (2010). Value/originality. A matter of trust in public institutions represents a great interest for economic research. In the background of the global financial crisis, the trust in central banks has become extremely popular nowadays. Particularly, trust in the European Central Bank in the aftermath of the world economic crisis, concentrating on the period of 2012-2014, is examined.
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