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It is commonly argued that crises open up a window of opportunity to implement policies that otherwise would not have the necessary political backing. The argument goes that the political cost of deep reforms declines as crises unravel structural problems that need to be urgently rectified and...
Persistent link: https://www.econbiz.de/10012842057
It is commonly argued that crises open up a window of opportunity to implement policies that otherwise would not have the necessary political backing. The argument goes that the political cost of deep reforms declines as crises unravel structural problems that need to be urgently rectified and...
Persistent link: https://www.econbiz.de/10012164495
Persistent link: https://www.econbiz.de/10001800159
Persistent link: https://www.econbiz.de/10001978271
According to Ljungqvist and Sargent (1998), high European unemployment since the 1980s can be explained by a rise in economic turbulence, leading to greater numbers of unemployed workers with obsolete skills. These workers refuse new jobs due to high unemployment benefits. In this paper we...
Persistent link: https://www.econbiz.de/10002485619
institutional database should be improved in order to arrive at more definite policy conclusions. -- EU employment ; labour market …
Persistent link: https://www.econbiz.de/10003085749
This paper analyzes the relationship between unemployment and wage inflation for 10 of the euro area countries. The combination of low wage inflation and high unemployment in Europe is usually attributed to a rise in the natural rate of unemployment. Using a panel data approach, this paper...
Persistent link: https://www.econbiz.de/10003035532
Persistent link: https://www.econbiz.de/10002226252
the EU and the US are leading FDI host countries and FDI source countries. Moreover, from a theoretical perspective a … underestimation of deep integration projects such as TTIP. The panel data estimation of knowledge production functions for 20 EU … real income gain of nearly 2% should be expected for Germany (and the EU): considerably higher than what the official TTIP …
Persistent link: https://www.econbiz.de/10012948641
The Mortensen-Pissarides model with unemployment benefits and taxes has been able to account for the variation in unemployment rates across countries but does not explain why geographical mobility is very low in some countries (on average, three times lower in Europe than in the U.S.). We build...
Persistent link: https://www.econbiz.de/10013039503