The euro area is facing crisis, while the US is not, though the overall fiscal situation and outlook is better in the … euro area than in the US, and though the US faces serious state-level fiscal crises. A higher level of fiscal federalism … would strengthen the euro area, but is not inevitable. Current fiscal reform proposals (strengthening of current rules, more …

In light of the importance of immigrants' labour market integration in the host countries, this study examines the …

The study presents a comprehensive overview of labour market forecasting activities, mostly quantitative, based on … and benchmarks for similar forecasting exercises in Hungary. After outlining the basic model of quantitative labour market … labour market imbalances and the measured accuracy of the forecasts leads the authors to a fundamental issue of labour market …

We explore the effect of volatility in the federal funds market on the expectations hypothesis in money markets. We … find that lower volatility in the bank funding markets market, all else equal, leads to a lower term premium and thus … longer-term rates for a given setting of the overnight rate. The results appear to hold for the US as well as the Euro Area …