This paper analyzes the effects of different labor market institutions on inflation and output volatility. The eurozone … theory. While labor market institutions have a large effect on output volatility, they do not seem to have much of an effect … and inflation volatility ; labor turnover costs ; unemployment benefits ; unemployment ; eurozone …

representative household microdata from 11 Eurozone countries to simulate these policy reforms and to study their effects on the … that not all forms of fiscal integration will improve macroeconomic stability in the Eurozone. -- European income tax …

producing human capital. We also demonstrate that this attenuation effect tends to concentrate generational consumption risk … into an i.i.d. generational consumption shock. In other words, each generation bears all of the risk associated with their …

is implemented. While policy discussion to date has focused on equitable outcomes, we propose framing risk equity … policies in terms of equitable risk tradeoff rates based on six policy guidelines. The starting point for ex ante evaluation of … equity for mortality risk policies should be the symmetric application of the value of a statistical life (VSL) to all groups …

"This paper deals with potential instabilities in the Eurozone stemming from an insufficient interplay between monetary …