Il “Manifesto” contro la disoccupazione nell’UE sette anni dopo: quali suggerimenti sono sempre attuali?
The article analyzes retrospectively after seven years the impact that the publication of the "Manifesto against unemployment in the EU" has had on economic policies enabled in the various European countries. On the supply side, it is recognized that many suggestions of the "Manifesto" were put into practice, such as are particularly significant reforms of the labor market recently adopted in Italy, Germany and France. Such reforms have introduced more flexibility in contracts of employment, which has favored the increase in employment and the decline in unemployment in all countries. Not so satisfactory, however, were the results achieved in the policies of aggregate demand management. The restrictive fiscal policies imposed by the requirements of the Maastricht criteria, in fact, has been matched by equally restrictive monetary policy of the ECB, which has made appreciate the euro and made ??European goods less competitive in the international market. Equally disappointing are judged regional development policies, for which we suggest a more appropriate use of the policy of tax incentives to attract new investment in underdeveloped areas.
References listed on IDEAS
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- N. Gregory Mankiw & Ricardo Reis, 2003.
"What Measure of Inflation Should a Central Bank Target?,"
Journal of the European Economic Association,
MIT Press, vol. 1(5), pages 1058-1086, 09.
- N. Gregory Mankiw & Ricardo Reis, 2002. "What Measure of Inflation Should a Central Bank Target?," NBER Working Papers 9375, National Bureau of Economic Research, Inc.
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- Mankiw, N. Gregory & Reis, Ricardo, 2002. "What measure of inflation should a central bank target?," Working Paper Series 0170, European Central Bank.
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- Eckhard Hein & Thorsten Schulten & Achim Truger, 2004. "Wage trends and deflation risks in Germany and Europe," Macroeconomics 0412008, EconWPA.
- Truger, Achim & Schulten, Thorsten & Hein, Eckhard, 2004. "Wage trends and deflation risks in Germany and Europe," WSI Working Papers 124, The Institute of Economic and Social Research (WSI), Hans-Böckler-Foundation.
- Paolo Surico, 2003. "How does the ECB target inflation?," Macroeconomics 0305005, EconWPA. Full references (including those not matched with items on IDEAS)
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