The theory of equilibrium unemployment refers to the wage-price loop, but so far, more attention has been paid to the wage than to the price equation. The model presented hereafter deals with the symmetric influences of the unemployment rate on wage setting and of the utilization rate on price...

In this contribution, we present an assessment, in terms of growth, employment and competitiveness, of the European Union Member States RTD policies in late 2004, the National Action Plans (NAP). The assessment in this paper is based on the results of a detailed macro-econometric model NEMESIS...