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With disparities in national unemployment rates reaching record levels, the debate on fiscal stabilisers in Europe has gained new momentum. Can a European unemployment insurance scheme help to absorb asymmetric shocks and bring about the desired level of macroeconomic stabilisation? What should...
Persistent link: https://www.econbiz.de/10010402068
In 1937, in the midst of the US recovery from the Great Depression, President Roosevelt implemented spending cuts in pursuit of a balanced budget. Subsequently, the unemployment rate jumped nearly 6 percentage points over the next year and the US economy re-entered a major recession. In the...
Persistent link: https://www.econbiz.de/10009692252
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The EU 2020 strategy relies on innovation as the core driver of economic dynamics. The present Forum discusses the strategies established by the European Commission and the member states for the intensifi cation of innovative activities. Analyses of often neglected aspects of innovation policy,...
Persistent link: https://www.econbiz.de/10009663828
Productivity-enhancing structural reforms are crucial to the economic prospects of the EU. Indeed, such reforms are … strengthening the case for boosting productivity. The key question is how to identify, prioritise and calibrate the reforms that … best suit each country’s situation. This Forum examines specifi c barriers to enhanced productivity within the EU and puts …
Persistent link: https://www.econbiz.de/10011346696