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A detailed and informed analysis of the current crisis facing the eurozone, examining the root causes and exploring the possible outcomes and uncertain future of the European Union and its currency. Chapters include case studies of Portugal, Ireland, Spain and Greece, as well as broader...
Persistent link: https://www.econbiz.de/10012053992
The accumulation of the human capital stock plays a key role to explain the macroeconomic performance across regions. However, despite the strong theoretical support for this claim, empirical evidence has been not very convincing, probably because of the low quality of the data. This paper...
Persistent link: https://www.econbiz.de/10003793935
This paper explores the long run relationship between public and private investment in the euro area in terms of … investment might have restricted private investment and GDP growth in the euro area. The results have strong implications for the … future direction of fiscal austerity programs to combat the euro area debt crisis. …
Persistent link: https://www.econbiz.de/10010252646
This paper investigates the role of institutions for labour market performance across European countries. As … transfer system and active labour market policies. As cointegration between employment, output and factor prices is detected … 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
Persistent link: https://www.econbiz.de/10012053758
The financial crisis and the ensued 'great recession' are primarily caused by the excessive liquidity that was created in the last thirty years or so of inequality that benefited greatly the financial sector, deregulation and financial liberalisation as well as financial innovation
Persistent link: https://www.econbiz.de/10012054337
Within the New Consensus Macroeconomics, monetary policy is upgraded while fiscal policy is downgraded. This new monetary policy has been the main instrument of policy under the guise of inflation targeting, an approach pursued by a number of central banks worldwide. This book raises problems...
Persistent link: https://www.econbiz.de/10012054254