dividend of a rapidly expanding labor force is fading and further structural declines in unemployment are likely to be limited … implementation of the infrastructure investment program, higher domestic saving, and structural reforms. …

reallocated from the private to the public sectors, reducing investment and deepening the recessions even further. To account for …. This implies that domestic debt purchases displace productive investment. The model shows that these purchases reduce …

This Selected Issues paper assesses the youth unemployment problem in advanced European economies, especially the euro … area. Youth unemployment rates increased sharply in the euro area after the crisis. Much of these increases can be … explained by output dynamics and the greater sensitivity of youth unemployment to economic activity compared with adult …

The prolonged investment decline in post-Asian crisis emerging Asia, in contrast to the swift recovery of economic … growth, has remained a puzzle. This paper shows that the post-crisis investment recession has been mainly concentrated in the …

directly or indirectly through investment. In contrast to earlier studies, we conclude that there is some evidence of positive …-eligible countries to reach higher growth, but it remains unclear whether this is through higher investment or another channel. Also, the …

lower investment and exports compared with other small island states, but greater political stability, catch-up effects from …