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The challenges of defence spending in Europe : forum

Fiott, Daniel - In: Intereconomics : review of European economic policy 59 (2024) 4, pp. 189-192

After decades of relative peace and security, Europe is faced with a conflict on its doorstep that threatens to upend the recent stability and shift geopolitical order. Russia's war of aggression in Ukraine has forced Europe to confront its shortcomings with regard to providing its own security...

Persistent link: https://www.econbiz.de/10015046725

Fiscal Stimulus in a Monetary Union : Evidence from Eurozone Regions

Coelho, Maria - 2016

This paper contributes to the open economy local fiscal multiplier literature by estimating regional output and employment responses to federal expenditure shocks in the European Union. In particular, similarly to the literature on foreign aid and growth, I use shocks to the supply of federal...

Persistent link: https://www.econbiz.de/10012978861

The Budget Deficit Scare Story and the Great Recession

Baker, Dean - Center for Economic and Policy Research (CEPR) - 2010

The Great Recession has left tens of millions of families facing unemployment, underemployment and the threat of losing …

Persistent link: https://www.econbiz.de/10008563396

The Myth of Expansionary Fiscal Austerity

Baker, Dean - Center for Economic and Policy Research (CEPR) - 2010

Recently governments, economists, and international financial institutions have been debating the merits of further fiscal stimulus to combat the Great Recession versus fiscal austerity or “adjustment” – that is, higher taxes and/or lower government spending – to combat budget deficits....

Persistent link: https://www.econbiz.de/10008671782

'Smart' Employment Policy : The Employment Credit-Trading System

Kang, Duyong - 2023

, however, recent years have seen many countries struggling with persistent unemployment. Existing policy measures to address … unemployment seem to be, for various reasons, failing to have a sufficient impact. It may be that globalization and other factors … need to find more effective means to address unemployment. Furthermore, recent issues such as widening inequality and the …

Persistent link: https://www.econbiz.de/10014264739

Expanding the welfare system: a proposal for reform

Orszag, Jonathan Michael; Snower, Dennis J. - In: The welfare state in Europe: Challenges and reforms, (pp. 101-117). 1998

accounts: a retirement account (covering pensions), an unemployment account (covering unemployment support), a human capital … may be expected to play a substantial role in reducing unemployment, encouraging labour force participation, promoting …

Persistent link: https://www.econbiz.de/10010313982

Expanding the welfare system : a proposal for reform

Orszag, Jonathan Michael; Snower, Dennis J. - Institut für Weltwirtschaft (IfW) - 1998

Persistent link: https://www.econbiz.de/10010955894

Expanding the Welfare System: A Proposal for Reform

Orszag, Mike; Snower, Dennis J. - C.E.P.R. Discussion Papers - 1997

: a retirement account (covering pensions), an unemployment account (covering unemployment support), a human capital … reducing unemployment, encouraging labour force participation, promoting skills, reducing governments’ budgetary pressures …

Persistent link: https://www.econbiz.de/10005661484

Labour tax reforms, cross-country coordination and the monetary policy stance in the euro area : a structural model-based approach

Jacquinot, Pascal; Lozej, Matija; Pisani, Massimiliano - 2018

We evaluate the effects of permanently reducing labour tax rates in the euro area (EA) by simulating a large-scale open economy dynamic general equilibrium model. The model features the EA as a monetary union, split in two regions (Home and the rest of the EA - REA), the US, and the rest of the...

Persistent link: https://www.econbiz.de/10011792134

COVID-19 and public support for the euro

Roth, Felix; Jonung, Lars; Most, Aisada - 2023

application of mandatory lockdowns contributed to a sharp fall in production and a rise in unemployment, inducing an expansionary …

Persistent link: https://www.econbiz.de/10013541792