Health Economics at IgMin Research | Medicine Group

Risk is a variation of performance in the presence of events and it can negatively impact socioeconomic system of countries. Statistical evidence here shows that high public debt reduces health expenditures over time and increases the vulnerability and risk of European countries to face health emergencies, such as COVID-19 pandemic crisis. Overall, then, findings suggest that high public debt weakens healthcare and socioeconomic system of countries to cope with crises, such as COVID-19 pandemic, conflicts, natural disasters, etc. JEL Codes...: I18; H12; H51; H60; H63Read more

Economists often provide predictions about future interest or policy rates. In contrast to stock market predictions, these forecasts are typically regarded seriously and presented with a degree of accuracy. This paper explores whether placing more confidence in policy rate predictions than stock market predictions is reasonable. It begins by examining historical policy rates predictions in Sweden, comparing them to actual rates to assess their accuracy. The paper then delves into the discussion of how costs of mispredictions, such as sudden and... unexpected policy rate increases, can and should be addressed. Despite the Central Bank making predictions within confidence intervals and the banking sector regulating individuals’ borrowing, the burden of unpredicted rate increases falls almost entirely on individuals. The paper addresses whether that is reasonable.Read more