This paper identifies the basic features of the price setting mechanism in the Spanish economy, using a large dataset that contains over 1.1 million price records and covers around 70% of the expenditure on the CPI basket. In particular, the paper identifies differences in the frequency and size...

We forecast recession probabilities for the United States, Germany and Japan. The predictions are based on the widely-used probit approach, but the dynamics of regressors are endogenized using a VAR. The combined model is called a ‘ProbVAR’. At any point in time, the ProbVAR allows to...

This article is based on the results of two company surveys - the first was conducted in 2007, before the recession 2008/2009 hit Austria, and the second was conducted in 2009 shortly after the trough of it. We analyse firms’ reactions to the crisis and focus on their labour market relevant...

Using a new nationally representative survey of financial capability and experience in the UK and Ireland, I investigate the key factors that cause individuals to experience financial distress. In this context, a key area that I focus on is whether individuals’ behavioural traits, such as...

This paper aims to shed light on the characteristics and particularly the determinants of credit-less recoveries. After building a dataset and documenting some stylised facts of credit-less recoveries in emerging market economies, this paper uses panel probit models to analyse key determinants...

Youth unemployment rates in Europe are dramatically high. [...] Many EU Member States have implemented youth employment policies that facilitate and support young people’s pathways through education to employment and tackle such diverse issues as early school leaving, school-to-work...

Youth unemployment policy has tended to focus on two groups: young people with low educational attainment and those with higher education who have failed to find work. However, there is a large group of middle attainers who tend to be overlooked by policy – young people who have completed...

The main aim of the workshop was to examine the rise in the number of young people with disabilities. In many EU Member States, there is increasing policy concern about the growing numbers of young people who are entering long-term disability schemes. It appears that the nature of the illnesses...

In light of the impact of the recent negative developments in the labour market on young people, EU Member States have in recent years been actively engaged in designing and implementing policy measures targeted at young people. In the context of its 2011 work programme, Eurofound carried out an...