For example, it is possible to analyse to what extent not only the Gini coefficients, but also income and wealth of individual households react to changes in the unemployment rate or to increased growth of wages and asset prices.11 Let me provide some new empirical evidence on this topic based on ongoing work at the ECB by Lenza and Slacalek.12 More specifically, they quantified how the ECB’s recent Asset Purchase Programmes (APP) affected the income and wealth of individual households in the four largest euro area countries, combining aggregate and household-level data.
It must be stable - politically, economically and socially. Any threat to this stable environment will scare away visitors and investors from coming to Fiji. We have all heard the phrase: “The World is a Global Village”.