The spread of the coronavirus has made economic conditions difficult in many economic areas and has led to skyrocketing youth unemployment in most European countries. On the basis of simple model calculations, we estimate the consequences of the COVID-19 shutdown on youth unemployment in the...

The Covid-19 pandemic and the accompanying policy measures implemented by governments worldwide in order to contain the spread of the coronavirus have strongly affected labor markets. As a consequence, most countries experienced sharp increases in unemployment rates especially at the onset of...

Labour market and education policy makers and researchers are increasingly focusing on the NEET indicator as a supplement to the youth unemployment rate. Analyses of factors influencing NEET have concentrated primarily on individual characteristics such as gender and migration background on one...

The idea of a job guarantee (JG) to tackle unemployment has become popular again over recent years. Critics often point to the fiscal costs and the macroeconomic impact of a government financing full employment. In this paper, we analyse the fiscal costs of a JG for long-term unemployed people...

The number young people not in education, employment or training (NEET) has been rising since the beginning of the economic and financial crisis in 2008. This article contributes to the discussion about the reduction of the NEET rate by addressing the questions: Which structural factors can...

This paper discusses how the technical foundations of the EU's fiscal rules constrain the fiscal space in EU countries in the context of the COVID-19 pandemic. We review the evidence on how estimates of potential output, which are at the heart of essential control indicators in EU fiscal...

The debate on the cyclical adjustment procedure of the debt brake has focused on problems with regards to potential output. The second key determinant of the cyclical budget component, however, has been neglected: the semi-elasticity of the budget balance, which measures the response of federal...

Erster Absatz: Mit dem Ausbruch der größten Wirtschaftskrise seit den 1930er Jahren sehen manche, insbesondere heterodoxe Ökonominnen und Ökonomen, auch bereits das Ende der neoklassischen Vorherrschaft im Bereich ökonomischer Forschung und Lehre dräuen. Wie schon vor 1930 hat die...