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European Unemployment : The Evolution of Facts and Ideas

Blanchard, Olivier - 2005

In the 1970s, European unemployment started increasing. It increased further in the 1980s, to reach a plateau in the 1990s. It is still high today, although the average unemployment rate hides a high degree of heterogeneity across countries. The focus of researchers and policy makers was...

Persistent link: https://www.econbiz.de/10012466922

The Quality of Labor Relations and Unemployment

Blanchard, Olivier - 2004

In countries where wages are primarily set by collective bargaining, the effects on unemployment of changes in the economic environment depend crucially on the speed of learning of unions. This speed of learning is likely to depend in turn on the quality of the dialogue that unions have with...

Persistent link: https://www.econbiz.de/10012468103

The Economic Future of Europe

Blanchard, Olivier - 2004

After three years of near stagnation, the mood in Europe is definitely gloomy. Many doubt that the European model has a …, productivity growth has been much higher in Europe than in the United States. Productivity levels are roughly similar in the … European Union and in the United States today. The main difference is that Europe has used some of the increase in productivity …

Persistent link: https://www.econbiz.de/10012468364

Revisiting European Unemployment : Unemployment, Capital Accumulation, and Factor Prices

Blanchard, Olivier - 1998

This paper starts from two sets of facts about Continental Europe.The first is the steady increase in unemployment … of chronic excess employment by firms. The second explanation points to technological bias: firms in Continental Europe …

Persistent link: https://www.econbiz.de/10012472243

Jump Starting the Euro Area Recovery : Would a Rise in Core Fiscal Spending Help the Periphery?

Blanchard, Olivier - 2015

We show that a fiscal expansion by the core economies of the euro area would have a large and positive impact on periphery GDP assuming that policy rates remain low for a prolonged period. Under our preferred model specification, an expansion of core government spending equal to one percent of...

Persistent link: https://www.econbiz.de/10012457242