This paper examines whether the pattern of growth in euro area employment seen in the period 1997 to 2001 differs from that recorded in the past and what could be the reasons. First, a standard employment equation is estimated for the euro area as a whole. This shows that the lagged impact of...

The empirical evidence that evaluates ex-post the effects of trade policy confirms the presumption, well known in theory, that quantitative barriers to trade have an impact on the average quality of exports. Yet, in evaluating ex-ante the effects of trade policy reform, very few studies take...