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Banks and banking, Central. --- Stocks --- Monetary policy. --- Prices. --- Monetary policy --- Asset pricing --- 332.46 --- Monetary management --- Economic policy --- Currency boards --- Money supply --- Stocks - Prices.

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Money. Monetary policy --- Monetary policy --- Money --- Politique monétaire --- Monnaie --- Congresses --- Congrès --- European Central Bank --- -332.46 --- Monetary management --- Economic policy --- Currency boards --- Money supply --- Conferences - Meetings --- AA / International- internationaal --- 333.400 --- 334.151.21 --- 333.80 --- 331.150 --- 333.846.0 --- geldwezen --- monetaire politiek --- Geldwezen: algemeenheden. --- Europese centrale bank. ESCB. Centrale banken. --- Geld-, bank- en kredietpolitiek. Kapitaalmarkt en -rente: algemeenheden. --- Geschiedenis van het geldwezen: algemeenheden. --- Verband tussen het monetair, bank- en kredietbeleid en de economische ontwikkeling: algemeenheden. --- Currency question --- Politique monétaire --- Congrès --- Fiat money --- Free coinage --- Monetary question --- Scrip --- Currency crises --- Finance --- Finance, Public --- Legal tender --- Geschiedenis van het geldwezen: algemeenheden --- Geldwezen: algemeenheden --- Geld-, bank- en kredietpolitiek. Kapitaalmarkt en -rente: algemeenheden --- Verband tussen het monetair, bank- en kredietbeleid en de economische ontwikkeling: algemeenheden --- Europese centrale bank. ESCB. Centrale banken --- 332.46 --- European Central Bank.

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net income. It draws on the experience gained when the social security system in Italy was reformed in the early 1990s, which led to drastic reductions in the number of claims against the statutory pension scheme. The various sectors of the population (elderly people, young people, public employees as opposed to private­ sector employees, etc.) were affected to differing degrees. From Brugiavini's estimates, it becomes clear that a reduction in claims against the statutory pension system has led to a markedly increased willingness to save, particularly in the sectors of the population which were most affected. Reinhold Schnabel starts by discussing possible consequences of a pension cut from a German perspective. He discusses possible effects on saving and labour supply. In the second part of his comments he questions whether all of Brugiavini's interpretations of the "Italian experiment" are convincing. He doubts in particular, whether the reform was unexpected.

Money. Monetary policy --- Finance --- Monetary policy --- Older people --- AA / International- internationaal --- 333.846.5 --- 311.94 --- -Monetary policy --- -Aged --- -Finance --- -332.46 --- Monetary management --- Economic policy --- Currency boards --- Money supply --- Funding --- Funds --- Economics --- Currency question --- Aged --- Aging people --- Elderly people --- Old people --- Older adults --- Older persons --- Senior citizens --- Seniors (Older people) --- Age groups --- Persons --- Gerontocracy --- Gerontology --- Old age --- Verband tussen de geld-, bank- en kredietpolitiek en de besparingen, kapitaalvorming, verdeling van vermogens. --- Verdeling van de bevolking naar leeftijd. Veroudering van de bevolking. --- 332.46 --- Verdeling van de bevolking naar leeftijd. Veroudering van de bevolking --- Verband tussen de geld-, bank- en kredietpolitiek en de besparingen, kapitaalvorming, verdeling van vermogens --- Macroeconomics. --- Public finance. --- Population. --- Aging. --- Finance. --- Macroeconomics/Monetary Economics//Financial Economics. --- Public Economics. --- Population Economics. --- Finance, general. --- Age --- Ageing --- Senescence --- Developmental biology --- Longevity --- Age factors in disease --- Human population --- Human populations --- Population growth --- Populations, Human --- Human ecology --- Sociology --- Demography --- Malthusianism --- Cameralistics --- Public finance --- Public finances --- Physiological effect --- Finance - Congresses. --- Monetary policy - Congresses. --- Older people - Congresses. --- Finance - Europe - Congresses. --- Monetary policy - Europe - Congresses.

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Monetary policy --- Financial crises --- European Central Bank --- AA / International- internationaal --- 333.80 --- 333.111.0 --- 334.151.21 --- 334.151.1 --- -Global Financial Crisis, 2008-2009 --- -Financial crises --- -336.7 --- 332.46 --- Crashes, Financial --- Crises, Financial --- Financial crashes --- Financial panics --- Panics (Finance) --- Stock exchange crashes --- Stock market panics --- Crises --- Business cycles --- Global Economic Crisis, 2008-2009 --- Subprime Mortgage Crisis, 2008-2009 --- Monetary management --- Economic policy --- Currency boards --- Money supply --- Geld-, bank- en kredietpolitiek. Kapitaalmarkt en -rente: algemeenheden. --- Algemeenheden. Theoretische en beschrijvende studies. Centrale banken. --- Europese centrale bank. ESCB. Centrale banken. --- EG : economisch en monetair beleid. --- History. --- Geldwezen. Kredietwezen. Bankwezen. Financiën. Monetaire economie. Beurswezen --- Conferences - Meetings --- -332.46 --- Congresses --- History --- E-books --- 336.7 --- Algemeenheden. Theoretische en beschrijvende studies. Centrale banken --- Geld-, bank- en kredietpolitiek. Kapitaalmarkt en -rente: algemeenheden --- EG : economisch en monetair beleid --- Europese centrale bank. ESCB. Centrale banken --- ECB --- Banque centrale européenne --- BCE --- Banco Central Europeo --- Banca centrale europea --- Europäische Zentralbank --- Európska centrálna banka --- EZB --- Monetary policy - Congresses --- Financial crises - Congresses

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International liquidity --- Monetary policy --- Banks and banking, Central --- Liquidités internationales --- Politique monétaire --- Banques centrales --- Economics - Globalization - Finance and money --- AA / International- internationaal --- 333.80 --- 333.81 --- 333.846.0 --- 333.602 --- liquiditeit --- munt --- politique monetaire --- international --- International finance --- 332.46 --- International monetary system --- International money --- Finance --- International economic relations --- Monetary management --- Economic policy --- Currency boards --- Money supply --- Geld-, bank- en kredietpolitiek. Kapitaalmarkt en -rente: algemeenheden. --- Algemene evolutie van de kapitaalmarkt. --- Verband tussen het monetair, bank- en kredietbeleid en de economische ontwikkeling: algemeenheden. --- Activiteiten en evolutie van de financiële markten. --- liquidite --- monnaie --- monetair beleid --- internationaal --- Liquidités internationales --- Politique monétaire --- Balance of payments --- Liquidity (Economics) --- Banker's banks --- Banks, Central --- Central banking --- Central banks --- Banks and banking --- Activiteiten en evolutie van de financiële markten --- Geld-, bank- en kredietpolitiek. Kapitaalmarkt en -rente: algemeenheden --- Algemene evolutie van de kapitaalmarkt --- Verband tussen het monetair, bank- en kredietbeleid en de economische ontwikkeling: algemeenheden --- Politique monétaire internationale