Examines the crucial contribution of employment and incomes to a sustainable recovery and assesses how policies can best be designed in order to promote employment and incomes, taking into account the lessons learned from country experiences since the start of the global crisis in 2008.

This paper investigates the energy investment needs of the European Union (EU), including renewable energy. Europe currently has little or no economic growth, and interest rates are expected to rise. Given the state of many EU countries' economies, this is a good time to encourage investment...

We consider a continuous-time neoclassical one-sector stochastic growth model of Ramsey-type with CRRA utility and Cobb-Douglas technology, where each of the following components are exposed to exogeneous uncertainties (shocks): capital stock K, effectiveness of labor A, and labor force L; the...

This paper aims to investigate the presence of a creditless economic recovery in Eastern Europe, after de 2008-2009 output collapse. To this end, we use three variables: credit stock, credit flow and money supply M1. We find that the changes in the credit flow, as percentage of GDP, are the most...

The employment situation remains a major source of concern in the majority of countries in the European Union. Half of the region’s unemployed have been without work for more than a year, and unless the policy approach changes, the prospects are for a sluggish employment recovery. The...

To enhance (1) the earnings of poor and middle-class people and (2) sustainable growth, this article recommends broadening competitive market opportunities to acquire capital with the earnings of capital. The prospect of more broadly distributed capital earnings in future years provides...

The current economic crisis through which humanity is going is not limited to the economic and financial sector, but also the whole society including an increasingly polluted environment. The problems that contemporary society is facing have serious consequences for the entire planet and they...