It is widely agreed that the natural unemployment rate recovered strongly in several OECD economies in the 1990s while not yet in the others. This paper draws on models by the authors endogenizing the path of the natural rate in order to trace the causes and apportion the credit. The results...

Intro -- Contents -- Contributors -- Series Foreword -- 1 Introduction -- 2 Entrepreneurship in Europe and the United States -- 3 Europe's Venture Capital Institutions Are Good Enough -- 4 Promoting Entrepreneurship -- 5 Innovations to Foster Risk-Taking and Entrepreneurship -- 6 Europe:...

"Jean-Paul Fitoussi has left a big mark both in terms of scholarship and policy-making influence around the world, and even more in Europe and France. Fitoussi's pluralistic approach has shaped modern macroeconomics, political economy, economics of inequality and, more recently, the economics of...