Purpose – This paper aims to provide an account of the unemployment performance of two Nordic countries during their recent labour market booms and slumps. Design/methodology/approach – Based on the empirical models of Karanassou et al., we conduct dynamic simulation exercises and explore...

Purpose – The purpose of this paper is to examine the distribution of labor market experience among the unemployed in a less developed area in Greece (the north-western region of Epirus), where unemployment has severe detrimental repercussions on the local workforce....

Purpose – The purpose of this paper is to investigate the effects of national unemployment rates on overall age and cause-specific mortality rates in a panel sample of 13 European Union countries. Design/methodology/approach – A fixed-effects model is used to control for unobserved...

Purpose – This paper aims to examine two hypotheses that have not been well investigated in the existing literature. One hypothesis is that the real interest rates of industrial countries tend to be mean-reverting during the current floating exchange rate period. Another hypothesis is that the...

In all European national defense-sector industries, organizational efficiency forms a vital component of the operations that improves competitiveness in the market. The Portuguese government subsidizes companies that are active in this sector in its mission for the companies to achieve improved...

Purpose – The aim of this paper is to investigate the impact of exogenous shocks of remittances on consumption, investment, imports and output in five Mediterranean countries. Design/methodology/approach – This paper builds a Keynesian type econometric model with a dynamic perspective and a...

A review article of Pasinetti and Schefold’s edition of the papers at a conference in Marseilles, 1997, on the impact of Keynes in the twentieth century. The book itself is in three parts – theory; Keynesianism in European countries; and institutional discussions of Keynesian policies. The...

Models fiscal policy interactions between fiscal authorities and private investors in the foreign exchange market in a game-theoretic framework. Using a two-period game, I consider the credible and noncredible announcements of the domestic fiscal authority with respect to the stance of its...

Some recent research has reported results more favourable to long-run purchasing-power parity (PPP) for exchange rates within the European Monetary System (EMS) than for those outside it. This is inconsistent with the predictions of theories that regard the EMS as a means of acquiring...