Europe is in the throes of budgetary consolidation, tightening its fiscal rules. It could not prevent the recession of 2012 and the inexorable growth of debt, especially in Southern Europe, while unemployment spreads and the social gap widens. Social policy is mostly a national matter, but is...

Insufficiently flexible labour markets combined with high welfare costs are often thought to be the main cause of unsatisfactory growth in Europe. This paper uses the OECD data on regulation of the product and labour market to confirm the difference in the extent of regulation between US and...

Tertiarisation, globalisation, technologisation, demographic change and international migration combine to produce changes that affect many spheres of life: new markets are opening up, technological progress accelerates, the usefulness of original education declines, training and ongoing...

This paper revisits the empirical relationship between unemployment and output, and its evolution following the financial crisis of 2008, with the aim of drawing potential consequences for labour market modelling strategies in place within the European System of Central Banks (ESCB). First, the...