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Growth and employment in the European perspective

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  • Edmond Malinvaud

    (CREST - INSEE)

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    Abstract

    The Western European debt deflation, which induced a severe reecession in 1992-93, is now giving way to a recovery for which both external and internal conditions appear favorable. The question remains, however; to know whether macroeconomic instability is not going to be more and more pronounced in the future. Faced with persistent unemployment, Western European countries ought not only to reduce rigidities in their economies but also to consider two medium-term policy proposals that were recently studied: a substantial selective decrease in the cost of unskilled labor and ambitious public investment programmes. The paper ends with a brief discussion of long-run challenges: the welfare state, European unification, the conditions for non-inflationary wage formation.

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    File URL: http://taloustieteellinenyhdistys.fi/images/stories/fep/f1996_1a.pdf
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    Bibliographic Info

    Article provided by Finnish Economic Association in its journal Finnish Economic Papers.

    Volume (Year): 9 (1996)
    Issue (Month): 1 (Spring)
    Pages: 6-17

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    Handle: RePEc:fep:journl:v:9:y:1996:i:1:p:6-17

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    Web page: http://www.taloustieteellinenyhdistys.fi
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    1. Giavazzi, Francesco & Pagano, Marco, 1995. "Non-Keynesian Effects of Fiscal Policy Changes: International Evidence and the Swedish Experience," CEPR Discussion Papers 1284, C.E.P.R. Discussion Papers.
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    Cited by:
    1. Cristiano Perugini, 2008. "Employment and Unemployment in the Italian Provinces," Quaderni del Dipartimento di Economia, Finanza e Statistica 49/2008, Università di Perugia, Dipartimento Economia, Finanza e Statistica.
    2. Cristiano Perugini & Marcello Signorelli, 2005. "Employment Differences, Convergences and Similarities in Italian Provinces," Quaderni del Dipartimento di Economia, Finanza e Statistica 07/2005, Università di Perugia, Dipartimento Economia, Finanza e Statistica.

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