Policy-related uncertainty: At the root of the lost resilience of Eurozone labour markets?
Arpaia, Alfonso, Turrini,Alessandro. Is policy-related uncertainty at the root of lacklustre Eurozone job creation? This column presents evidence that is consistent with this idea. The main implications for policy are straightforward: credible solutions to the Eurozone debt crisis will alleviate the critical unemployment situation of a number of Eurozone countries. How? Not only by helping […]
The Euro’s House Divided
Pisani-Ferry, Jean. The European Commission’s latest economic outlook paints a disheartening picture: unemployment rates close to or above 5% in Austria, Germany, and the Netherlands in 2014, but above 25% in Greece and Spain and roughly 15% in Ireland and Portugal. In the same year, per capitaGDP is expected to be almost 7% above its […]