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wages and employment faced by the unions. Consequently, the equilibrium employment is endogenous and depends on the monetary … regime. In particular, a switch from a floating exchange rate regime to a monetary union improves employment, provided that … the degree of central bank conservatism is sufficiently high, whereas with low degrees of conservatism employment falls …
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The November issue contains the Commission's proposal for the annual report on the economic situation in the Community. This report, which the Council adopts in the fourth quarter of each year, establishes the economic policy guidelines to be followed by the Member States in the year that...
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In this paper we investigate transmission and spillovers of local and foreign economic policy uncertainty shocks to unemployment in two largest economic regions in the world - the United States (US) and the Euro area (EA). For this purpose we deploy Bayesian Markov-switching structural vector...
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This report discusses the role of the European Union's full employment objective in the conduct of the ECB’s monetary … policy. It first reviews a range of indicators of full employment, highlights the heterogeneity of labour market outcomes … determined by national economic policies. The report then recalls that, in many circumstances, inflation and employment move …
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Conditions of Dependent Self-Employment in the European Union -- 8. Political Economy, Inward Foreign Direct Investment and EU …, transport policy, the informal sector, employment, recovery and enlargement. Four chapters focus on Greece, which has been the …
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