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Member countries of the European Monetary Union (EMU) initiated wide-ranging labor market reforms in the last decade. This process is ongoing as countries that are faced with serious labor market imbalances perceive reforms as the fastest way to restore competitiveness within a currency union....
Persistent link: https://www.econbiz.de/10010435398
In Western Europe in the last two decades the unemployment rate has increased during cyclical downturns only to persist … pattern of unemployment persistence, often termed hysteresis, is the United States. The following article examines the …
Persistent link: https://www.econbiz.de/10011461634
producing employment growth and in reducing unemployment than most continental-European OECD-countries. It is argued that the … developed venture capital markets should help to alleviate such financial constraints. This view that labor-market institutions …
Persistent link: https://www.econbiz.de/10010315241
reducing unemployment compared to most continental European OECD countries. As a rule they have also been and are still ahead …
Persistent link: https://www.econbiz.de/10010315291
Anglo-Saxon countries have been successful in the 1990s concerning labor market performance compared to the former role models Germany and Japan. This reversal in relative economic performance might be related to idiosyncracies in financial markets with bank-based financial markets as in Germany...
Persistent link: https://www.econbiz.de/10010315688