Showing 1 - 10 of 660
's exceptional growth performance in the 1990s, which has earned it the nickname of "Celtic Tiger." However, these sectors represent …
Persistent link: https://www.econbiz.de/10005769306
Starting with Friedman and Mundell the academic literature has conducted a high level debate concerning the design of cross-country monetary arrangements. That debate has become very complex and the data requirements necessary for appropriate application of the principles developed are far...
Persistent link: https://www.econbiz.de/10005605314
to strengthen competition in the non-tradable sector and make the labor market more efficient and inclusive, supported by …
Persistent link: https://www.econbiz.de/10011142132
labor market can coexist with a generous welfare system to achieve low unemployment. Using a panel of 19 countries over 1960 …-2002, the paper identifies the elements of the flexicurity model that may have contributed to the low unemployment rate. A … the financing aspect, the paper finds that effective implementation will depend on the initial unemployment level and …
Persistent link: https://www.econbiz.de/10005825613
EPL discourages both. The overall impact on equilibrium unemployment is thus ambiguous, depending on the characteristics … destruction effect is stronger, thus raising the unemployment rate. …
Persistent link: https://www.econbiz.de/10005825839
relatively minor intervention can dramatically increase the fragility of jobs, the length of unemployment spells, as well as the … extent of unemployment and labor market churning. With institutions of the type studied here common across many different …
Persistent link: https://www.econbiz.de/10005826536
Despite improvements in labor market performance over the past decade, owing in part to past reforms, Italy …
Persistent link: https://www.econbiz.de/10005826596
flexibility with state-provided unemployment insurance and can be applied only to new entrants in the market without affecting the …
Persistent link: https://www.econbiz.de/10005826643
Real unit labor costs (RULC) growth differentials between euro area members have persisted since EMU began and even widened out in the run-up to the crisis. This paper focuses on the causes underlying such dispersion. According to our empirical findings, persistent RULC growth differentials can...
Persistent link: https://www.econbiz.de/10009019597
The paper examines the consequences of fiscal consolidation in times of persistently low growth and high unemployment … unemployment at five-year horizons are significantly above one during PR episodes. These results suggest that medium-term fiscal …
Persistent link: https://www.econbiz.de/10011142040