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-taken to support the hypothesis that high rates of homeownership lead to high unemploy-ment via increases in the reservation …
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This paper proposes an alternative stability and growth pact among European Union (EU) governments that would underpin the introduction of a single currency and a "single market" within the EU. The alternative pact embraces a number of new aspects of integration within the EU that are based on a...
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unemployment in a range of EMU countries and to compare the results across countries. A time-series analysis is conducted in the … literature on capital stock and unemployment, before it deals with the theoretical model. This is followed by estimation and … hypothesis of the paper: capital stock is an important determinant of unemployment and wages in the countries considered for the …
Persistent link: https://www.econbiz.de/10014051701
The persistence of high unemployment has been one of the most puzzling developments of the past twenty years or so. In … the UK, unemployment averaged 2.1% between 1966 and 1973, and since 1974 it has risen to an average of 7.5%. The … prevailing view of the persistence of unemployment and of the continuous rise in the NAIRU is that explanations and solutions can …
Persistent link: https://www.econbiz.de/10014073940
It is often asserted that, whatever role Keynesian policies may have played in underpinning the long post-war boom, those policies are no longer relevant. In contrast this paper seeks to reassert the need for Keynesian policies in order to secure full employment. In doing so, as will be seen...
Persistent link: https://www.econbiz.de/10014075817
the central role of aggregate demand in the EMU and at concerns about unemployment. It next examines the prospects of the … and as a means to alleviate the serious unemployment problem, the authors recommend that the European Central Bank be …
Persistent link: https://www.econbiz.de/10014177152
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