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Levine, David K. - 2010

More advanced technologies demand higher degrees of specialization - and longer chains of production connecting raw inputs to final outputs. Longer production chains are subject to a "weakest link" effect: they are more fragile and more prone to failure. Optimal chain length is determined by the...

Persistent link: https://www.econbiz.de/10013135410

Inclusive growth : what future for the European social model?

Schmid, Günther - 2014

the monetary union, this trade-off sharpened for many EU member states whose CPC now falls below the fair level playing …

Persistent link: https://www.econbiz.de/10010357609

A vibrant European labor market with full employment

Ritzen, Jozef M. M.; Zimmermann, Klaus F. - 2013

happen if present policies continue within the European Union (EU) and its member states. In the vibrant scenario, full … by more labor mobility within and between EU countries, in combination with a selective immigration policy based on labor … EU member states’ economies. We translate the vibrant scenario into policy proposals distinguishing between the role for …

Persistent link: https://www.econbiz.de/10010227788

A joint unemployment insurance for the European Economic and Monetary Union?

Eichhorst, Werner; Wozny, Florian - 2014

More and more policy makers tend to declare that the loss of exchange rate adjustments within the European Economic and Monetary Union (EMU) has to be compensated by an increase in fiscal policy. A joint unemployment insurance is seen as one opportunity. After comparing a basic design with a...

Persistent link: https://www.econbiz.de/10010419483

A feasible unemployment-based shock absorber for the Euro area

Brandolini, Andrea; Carta, Francesca; D'Amuri, Francesco - 2015

This paper contributes to the debate on the design of a centralised fiscal tool absorbing country-specific negative shocks in the euro area. Based on theoretical insights, it identifies the broad characteristics that a shock absorber based on unemployment should have in order to be...

Persistent link: https://www.econbiz.de/10010484883

A decade of labour market reforms in the EU : insights from the LABREF database

Turrini, Alessandro; Koltay, Gabor; Pierini, Fabiana; … - 2014

cooperation with the Economic Policy Committee of the ECOFIN Council. The database collects information on measures adopted by EU … 2008 crisis triggered increased policy activity in most policy domains in a large number of EU countries, in particular in …

Persistent link: https://www.econbiz.de/10010390074

The Cyclical Behavior of Equilibrium Unemployment and Vacancies in the Us and Europe

Justiniano, Alejandro - 2012

-Saxon countries (the US and the UK), two Continental European countries (France and Germany) and two Scandinavian countries (Norway … probabilities observed in US, with mixed success in Europe. In contrast, matching shocks and job destruction shocks play a larger … role in most European countries relative to the US …

Persistent link: https://www.econbiz.de/10013114011

Animal Spirits, Financial Crises and Persistent Unemployment

Farmer, Roger E. A. - 2011

This paper develops a rational expectations model with multiple equilibrium unemployment rates where the price of capital may be unbounded above. I argue that this property is an important feature of any rational-agent explanation of a financial crisis, since for the expansion phase of the...

Persistent link: https://www.econbiz.de/10013123693

Does European Unemployment Prop Up American Wages?

Davis, Donald R. - 2011

We consider trade between a flexible wage America and a rigid real wage Europe. In a benchmark case, a move from autarky to free trade doubles the European unemployment rate, while it raises the American unskilled wage to the high European level. Entry of the unskilled South to world markets...

Persistent link: https://www.econbiz.de/10013125263

Labor Market, Financial Crises and Inflation : Jobless and Wageless Recoveries

Calvo, Guillermo A. - 2012

This paper uses a sample of 116 recession episodes in developed and emerging market economies to compare the labor-market recovery during financial crises with that of other recession episodes. It documents two new stylized facts. First, labor-market recovery from financial crises is...

Persistent link: https://www.econbiz.de/10013099123