Policymakers in the EU member states are currently shaping rescue packages to prevent the financial crisis hitting their economies with unmitigated force. Each government is responding to the emerging problems with a country-specific set of measures. Given the global nature of the crisis, would...

This working paper provides forecasts of changes in employment levels, in total, by sector and by different labour force groups in Europe, from 2022 to 2027. These forecasts of employment levels, both in terms of persons employed and in terms of hours worked, have been produced under three...

"This paper analyzes the effectiveness of the tax and transfer systems in the European Union and the US to act as an automatic stabilizer in the current economic crisis. We find that automatic stabilizers absorb 38 per cent of a proportional income shock in the EU, compared to 32 per cent in the...