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During the economic and financial crisis, the divide between young and old in the European Union increased in terms of economic well-being and allocation of resources by governments. As youth unemployment and youth poverty rates increased, government spending shifted away from education,...
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War is back in Europe and as it becomes long-lasting, the question of armament gains central importance. This report … Europe need to focus on speed in procurement, on cost effectiveness through economies of scale in an integrated European …Der Krieg ist zurück in Europa, und je länger er andauert, desto mehr gewinnt die Frage der Aufrüstung an zentraler …
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Fiscal rules, such as the excessive deficit procedure and the stability and growth pact (SGP), aim at constraining government behavior. Milesi-Ferretti (2003) develops a model in which governments circumvent such rules by reverting to creative accounting. The amount of this creative accounting...
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This paper investigates the role of institutions for labour market performance across European countries. As participation rates have been rather stable over the past, the unemployment problem is mainly caused by shortages in labour demand. Labour demand is expressed by its structural...
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