fiscal costs of such reversals. We thereby integrate the country-specific information from the latest Ageing Report into a … additional pension reforms needed to contain the public debt pressures arising from population ageing and second the costs of … costs and could pose challenges for fiscal sustainability …

This paper shows that adjustment costs modelled as firing costs of moderate size go a long way in explaining the … variability and counter-cyclicality of the labour share at the firm and aggregate level. Firing costs cause firms to fire less in … recessions and hire less in booms causing wage costs to fluctuate less cyclically than output, thus inducing variability and …

This paper shows that adjustment costs modelled as firing costs of moderate size go a long way in explaining the … variability and counter-cyclicality of the labour share at the firm and aggregate level. Firing costs cause firms to hire less in … recessions and hire less in booms causing wage costs to fluctuate less cyclically than output, thus inducing variability and …

We assess the sustainability of public finances in the EU15 over the period 1970-2006 using stationarity and … policy was sustainable both for the EU15 panel set, and within subperiods (1970-1991 and 1992-2006). …

We use a 3-step analysis to assess the sustainability of public finances in the EU27. Firstly, we perform the SURADF … and revenues via SUR analysis. While results imply that public finances were not unsustainable for the EU panel, fiscal …

, in the Central and Eastern European EU Member States. Using panel estimations for the period between 1995 and 2006, we …

between the two imbalances for each country for the period 1970-2007, and for different EU and OECD country groupings. The …