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The natural real rate of interest in the euro area

Giammarioli, Nicola; Valla, Natacha - 2003

In this paper, we discuss the consequences of taking into account the variations of the natural real interest rate (r t *) in simple monetary policy rules. We also provide one possible model-based analysis of the level of r t * that has prevailed in the euro area since the early 1970s, and...

Persistent link: https://www.econbiz.de/10009635981

Inflation persistence and robust monetary policy design

Coenen, Günter - 2003

This paper investigates the performance of optimised interest rate rules when there is uncertainty about a key determinant of the monetary transmission mechanism, namely the degree of persistence characterising the inﬂation process. The paper focuses on the euro area and utilises two variants of...

Persistent link: https://www.econbiz.de/10009635885

Measuring the time-inconsistency of US monetary policy

Surico, Paolo - 2003

This paper offers an alternative explanation for the behavior of postwar US inflation by measuring a novel source of monetary policy time-inconsistency due to Cukierman (2002). In the presence of asymmetric preferences, the monetary authorities end up generating a systematic inflation bias...

Persistent link: https://www.econbiz.de/10009635891

Unemployment in Austria: low, but…

Sherwood. Monika - 2006

On the face of it, Austria’s labour market performs very well, which is reflected in one of the lowest unemployment … rates in the EU. However, while many of the euro area members have recently succeeded in reducing unemployment, the Austrian …. In addition the unemployment statistics are distorted by the relatively low labour force participation of older workers …

Persistent link: https://www.econbiz.de/10009661734

Structural unemployment: a blot on the Finnish success story

Maiväli, Mart - 2006

feature of the Finnish economy compared with that of Sweden and Denmark is the higher level of unemployment. In the early 1990 … adapt. The spectacular recovery of the Finnish economy has pushed up labour demand. While unemployment has fallen back from …

Persistent link: https://www.econbiz.de/10009668588

High unemployment in Poland - not only a labour market problem

Narożny, Michał - 2006

Persistent link: https://www.econbiz.de/10009668589

Shifts in the job structure in Europe during the Great Recession

Hurley, John; Storrie, Donald; Jungblut, Jean-Marie - 2011

[...] this report will show the value of the jobs approach in analysing the changing structure of employment in the two turbulent years of the Great Recession.

Persistent link: https://www.econbiz.de/10011902453

Shifts in the job structure in Europe during the Great Recession : Technical background paper

Hurley, John; Storrie, Donald; Jungblut, Jean-Marie - 2011

The report describes the impact of the ‘great recession’ on employment and the job structure in the EU27. Quintile charts are used to give a simple, graphical representation of the extent of employment change in a given period as well as an indication of how that change has been distributed...

Persistent link: https://www.econbiz.de/10011902472

European restructuring monitor quarterly - Issue 4, winter 2009

European Foundation for the Improvement of Living and … - 2010

trend rates. Unemployment notably continues to rise and its pace of increase has accelerated in the most recent quarter to …

Persistent link: https://www.econbiz.de/10012023019

Indicator Framework for Monitoring the Council Recommendation on the integration of the long-term unemployed into the labour market

Europäische Kommission / Generaldirektion … - 2018

Persistent link: https://www.econbiz.de/10012098331