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the European economy. It has forced policy-makers in the EU and elsewhere to respond with exceptional measures to counter …. Results of our internal ECFIN analyses have been published in a special issue of European Economy in 2009. Our research work …". Following the Opening Lecture, sessions dealt with the political economy of reform, the design of financial systems and issues …
Persistent link: https://www.econbiz.de/10011291907
The 11th Brussels Economic Forum, held on 25-26 May 2010, took place against a background of the Greek debt crisis and keen debate on the future of Europe's economic governance. In that sense it took place at the ideal moment. Participants debated the causes and consequences of the crisis, and...
Persistent link: https://www.econbiz.de/10011291910
This brief reviews the main economic developments since transition in the three Baltic economies and highlights challenges for the future. Although the three economies went, in an almost synchronous fashion, through similar stages of catching up and financial convergence-driven booms and busts,...
Persistent link: https://www.econbiz.de/10011291911
This brief reviews the evolution of the US and the European labour markets since the beginning of the financial crisis. In the US, the unemployment rate and the share of long-term unemployment grew very fast, during the crisis, thereby reaching levels close to those in the EU. Does that mean...
Persistent link: https://www.econbiz.de/10011291914
There is a widespread perception that imbalances within the euro area are not adjusting, the major difficulty being that the competitive disinflation processes required in deficit countries are painful, while no strong incentives are always available in surplus countries to reduce their excess...
Persistent link: https://www.econbiz.de/10011298656
Amidst current fears of recession and economic stagnation, this note presents an optimistic view of the euro area's prospects over the medium-term. We claim that the EA has a more than fair chance to leave the crisis behind in a much stronger overall position than before, not least vis-à-vis...
Persistent link: https://www.econbiz.de/10011298659
This Economic Brief recapitulates some main insights on the role of structural reform for adjustment and growth in the EU. Its aim is threefold. First, the Brief discusses recent reform efforts in EU countries. Second, it discusses possible effects from reforms in labour and product markets by...
Persistent link: https://www.econbiz.de/10011298673
The Brief investigates the role of policy uncertainty in explaining the persistently high unemployment rate in the euro area after the Great Recession and the different impact of uncertainty on flows into and out of unemployment.
Persistent link: https://www.econbiz.de/10011335281