The EU and the U.S. confront distinct factor market dynamics and common policy challenges. Labor market developments and long-term changes in capital markets and capital flows represent key problems in aging societies. The analyses presented here compare the European and U.S. patterns in this...

In this book leading European economists examine the current status of social pacts and their future. Particular focus is placed on the role of trade unions, and the positive role they can play for economic and social stability by agreeing to set wages on the basis of a target rate of inflation....

Some Basic Models -- Monetary Policy in Europe -- Fiscal Policy in Germany -- First the Central Bank Decides, then the Governments Decide -- First the Governments Decide, then the Central Bank Decides -- Central Bank and Governments Decide Simultaneously and Independently: Cold-Turkey Policies...

Measures of Active Labor Market Policy - such as training, wage subsidies, public employment measures, and job search assistance - are widely used in European countries to combat unemployment. This study provides novel insight on this important policy issue by discussing the role of the European...

An Overview of the Main Issues and the Role of Structural Change -- Structural Change and Labour Reallocation Across Regions: A Review of the Literature -- Organized Labour and Restructuring: Coal Mines in the Czech Republic and Romania -- New Evidence on Spatial Convergence -- Labour...

This volume provides an up-to-date overview of activation strategies in unemployment benefit systems and social assistance in selected European countries and the United States. A particular focus lies on the development of activation schemes, governance and implementation as well as on the...