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Purpose: This paper examines whether the economies of oil-exporting countries respond to oil shocks differently, depending on the country’s political economy factors, such as regional economic alliance, stage of economic development, and the exchange rate regime, using a structural Vector...
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economies face since the early nineties, the problem of lasting high unemployment. Contrary to the current German discussion … countries. -- The first chapter contains the main standard textbook models and paradigms explaining lasting high unemployment …. The question in the second chapter is if it is possible to fight unemployment with the help of macro policy on a purely …
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, governments are forced to adapt to the imperatives of global competition, and this means cutting cost-intensive welfare programs …
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