Traditional structural models cannot distinguish whether changes in activity are a function of altered expectations today or lagged responses to past plans. Polynomial-adjustment-cost (PAC) models remove this ambiguity by explicitly separating observed dynamic behaviour into movements that have...

The author describes results obtained by using a new methodology to estimate potential output for the United Kingdom. The estimation method, which follows Rennison (2003) and Gosselin and Lalonde (2002), shows that combining the use of a Hodrick-Prescott filter and a structural vector...

This text discusses trends on the Estonian labour market during the years of rapid economic development and the subsequent economic crisis. The aim of the text is to describe changes in the field of employment and unemployment, as well as the problems facing vulnerable groups (young people,...

The present study aims to provide a succinct but comprehensive account that will allow a better understanding of the economic and social impact of the measures implemented in Greece. To this end, the study takes stock of the hitherto implementation of the programme to elucidate its multiple...

On 29 April 2008 the EESC Labour Market Observatory (LMO) organised a hearing on "Women and the labour market". Guest speakers and LMO members together analysed the large number of aspects that hinder women's full participation in the labour market.