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In this Manifesto, we make a set of proposals to fight unemployment in the EU. We believe that the European … unemployment problem needs to be attacked on two fronts: through a broad spectrum of supply-side policies and the demand management …-side measures are also taken, demand expansion can result in more inflation instead of more employment, because of the mismatch …
Persistent link: https://www.econbiz.de/10011159088
important was the return of persistent unemployment. The present paper gives an overview of the effects of this change on …
Persistent link: https://www.econbiz.de/10010751994
This paper reconsiders the problem of unemployment in Europe at multiple geographic levels and through time from 1984 … people in the labor force. As part of this analysis, we assess the relationship between pay inequality and unemployment in … greater labor market flexibility, is associated with more, not less,unemployment. Among large countries distinctive effects at …
Persistent link: https://www.econbiz.de/10010752494
I met Franco Modigliani in 1948. We had common interests in three fields of economic theory--Keynes and unemployment …. Recently Modigliani promoted a "Manifesto on Unemployment in the European Union", written by six economists, including myself … complementary ways ad by the model of price variations, viewed from the point of view of inflation. …
Persistent link: https://www.econbiz.de/10010752500
This paper discusses the relative advantages of floating exchange rates vis-a-vis a pegged exchange rate regime, with special emphasis on the implications foreffective demand. More particularly, it explores whether a currency depreciationhas a beneficial effect on aggregate demand and hence on...
Persistent link: https://www.econbiz.de/10010751988
I certainly agree with the authors on the main point, which is that flexible exchange rates do not result in an automatic adjustment that brings equilibrium with full employment. What I would argue is that flexible exchange rates, however, may be more advantageous than those fixed and that the...
Persistent link: https://www.econbiz.de/10010751993
The paper starts by reviewing some recent contributions on long waves, arguing that the present technological revolution in ICT is part of the broad phenomenon of a newlong wave. It follows that the main focus of economic policy should be to support the diffusion of the new technology and to...
Persistent link: https://www.econbiz.de/10010752477
The labor markets of developing countries are analysed, focusing on the importance of investment and flexibility.
Persistent link: https://www.econbiz.de/10010754920
three dominant policy strategies of money targeting, exchange rate targeting and inflation targeting. Several of the lessons …
Persistent link: https://www.econbiz.de/10010854332
objectives in the implementation of monetary policy (concerning inflation and unemployment) is the interest rate. Furthermore …. As inflation, unemployment and interest rates are determinants of the level of poverty, the central bank's behaviour is …Nowadays, with the diffusion of inflation targeting, the main instrument that central banks use to achieve final …
Persistent link: https://www.econbiz.de/10010751991