The European Central Bank (ECB) is the central bank of the 19 European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.
Welfare benefits are much more available to low-income parents if they avoid getting married. A low-income single mother can lose valuable earned-income tax credits just by marrying a low-income man she otherwise would have been willing to marry. And she can gain valuable tax benefits just by getting divorced. These penalties for getting or staying married are referred to as the "marriage tax."
To be successful, stock exchanges must attract sufficient numbers of market makers, who provide liquidity by quoting prices and stand ready to buy or sell, as well as traders pursuing other strategies, who often take the liquidity market makers provide by hitting offers
Vaccines are essential to create a more resilient economic growth model. Ending the COVID-19 pandemic requires a more coordinated, effective, and equitable distribution of vaccines across the countries. Therefore, governments are in a race to increase the vaccination rates of the population. Given this backdrop, this paper focuses on the daily vaccinations per million data from March 1, 2021, to October 15, 2021, in 37 Organisation for Economic Co-operation and Development (OECD) countries and examines the stochastic properties of the vaccination rates. The results indicate a significant convergence of the vaccination rates in seven clubs across 30 OECD countries. The paper also discusses the potential implications for the post-COVID-19 era.