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Growth and employment in the European perspective

Author

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  • Edmond Malinvaud

    (CREST - INSEE)

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.

Suggested Citation

  • Edmond Malinvaud, 1996. "Growth and employment in the European perspective," Finnish Economic Papers, Finnish Economic Association, vol. 9(1), pages 6-17, Spring.
  • Handle: RePEc:fep:journl:v:9:y:1996:i:1:p:6-17
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    File URL: http://taloustieteellinenyhdistys.fi/images/stories/fep/f1996_1a.pdf
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    References listed on IDEAS

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    1. Francesco Giavazzi & Marco Pagano, 1995. "Non-Keynesian Effects of Fiscal Policy Changes: International Evidence and the Swedish Experience," NBER Working Papers 5332, National Bureau of Economic Research, Inc.
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    Cited by:

    1. 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.
    2. 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.
    3. Döpke, Jörg, 2001. "The "Employment Intensity" of Growth in Europe," Kiel Working Papers 1021, Kiel Institute for the World Economy (IfW).

    More about this item

    JEL classification:

    • J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General

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