This text discusses trends on the Estonian labour market during the years of rapid economic development and the subsequent economic crisis. The aim of the text is to describe changes in the field of employment and unemployment, as well as the problems facing vulnerable groups (young people,...

The present study aims to provide a succinct but comprehensive account that will allow a better understanding of the economic and social impact of the measures implemented in Greece. To this end, the study takes stock of the hitherto implementation of the programme to elucidate its multiple...

Italy's problems are primarily structural; the current government is thus exploring more radical reform programmes, such as labour market reform and liberalisation. Compliance with the measures introduced towards achieving a balanced budget and reducing the public debt is a prerequisite to...

For the European institutions, the "Great Recession" officially began in March 2008, when the word "crisis" first appeared in the Conclusions of the European Council (European Council, March 2008). In the four years since then, the European response to that crisis has not always been the same; an...

Europe has begun to emerge from the prolonged slump caused by the global financial crisis in 2008 and exacerbated by the euro zone single-currency crisis in 2010–2011. In the last year, aggregate employment levels have risen faster than at any time since 2008. This, the fourth annual European...

This report describes the findings of a study of change in job tenure between 2002 and 2012 in the EU. The study examined change in mean tenure as well as the distribution of short and long tenure in the EU and in individual Member States. It also looked at differences in tenure according to...

This report examines the upward and downward trends in job quality across the EU from 1995 to 2010. The improvement and harmonisation of working conditions are core objectives of the European Union, but many factors affect job quality. The report determines the statistical significance of trends...

This report uses research findings from the European Foundation for the Improvement of Living and Working Conditions (Eurofound) to outline important features of the Swedish labour market in general, and the industrial relations system in particular, as well as the issues both are currently facing.

This paper offers an alternative explanation for the behavior of postwar US inflation by measuring a novel source of monetary policy time-inconsistency due to Cukierman (2002). In the presence of asymmetric preferences, the monetary authorities end up generating a systematic inflation bias...

We revisit recent evidence on how monetary policy affects output and prices in the U.S. and in the euro area. The response patterns to a shift in monetary policy are similar in most respects, but differ noticeably as to the composition of output changes. In the euro area investment is the...