Success and failure of monetary policy since the 1950s / David Laidler -- What have economists learned over the past 50 years? / Lars E.O. Svensson -- Will monetary policy become more of a science? / Frederic S Mishkin -- Monetary policy, labour markets and fiscal policy / Olivier Blanchard.

This paper analyzes the determinants of employability differences between short-term and long-term unemployed persons. Knowing these differences could help to address active labor market policy programs more adequately to the needs of the job-seekers in order to increase employment integration....

We evaluate the effects of the most frequently used German welfare-to-work program on the employment chances of immigrant welfare recipients. In particular, we investigate whether program effects differ between immigrants and natives and what might cause these potential differences. Our results...