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, the size of the skill mismatch can be assessed by comparing the distribution of unemployment (labour supply) and … context, Belgium has the highest index in the EU15, but this does not go hand in hand with an aboveaverage unemployment rate … only factor determining the probability of getting a job. Belgium has a relatively large dispersion of local unemployment …
Persistent link: https://www.econbiz.de/10011272873
In the past few years it has become painfully clear that the financial markets’ loss of confidence confronting certain euro area countries can swiftly spread to other Member States, ultimately threatening the orderly functioning and stability of the euro area as a whole. Back in 2007, before...
Persistent link: https://www.econbiz.de/10011272851
It is increasingly recognised that fiscal rules and independent fiscal institutions other than governments and parliaments can make a major contribution to sound fiscal policy. The main arguments put forward by the specialist literature on political economy in favour of such rules and...
Persistent link: https://www.econbiz.de/10009367057
The article outlines the current budgetary situation, explains why consolidation plans are urgently needed and provides an answer to the question as to what form those plans should preferably take. It also contains an insight into the strategies aimed at consolidating public finances. The...
Persistent link: https://www.econbiz.de/10009367079
Persistent link: https://www.econbiz.de/10014514444
An examination of the impact of inflation and unemployment on poverty, using a poverty rate based on goods and services …
Persistent link: https://www.econbiz.de/10005360721
Statistics that measure labor market activity are often interpreted as measures of economic performance and social well being. This article demonstrates that such interpretations are not justified in the absence of information concerning the economic circumstances that determine individual labor...
Persistent link: https://www.econbiz.de/10005360769
An argument that attempting to alleviate the burden of unemployment on the less affluent through expansionary monetary …
Persistent link: https://www.econbiz.de/10005360793
By most estimates, the U.S. unemployment rate is currently below its "natural rate." The implication is the economy is …
Persistent link: https://www.econbiz.de/10005373385
The natural rate of unemployment has become an important topic recently as the Federal Reserve has raised short …-term interest rates in an attempt to keep the economy from overheating. The natural rate represents the lowest possible unemployment … are reported in the author's "New Estimates of the Natural Rate of Unemployment," which appeared in the Fourth Quarter …
Persistent link: https://www.econbiz.de/10005379563