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Euro Area Policies; Selected Issues

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  • International Monetary Fund
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    This Selected Issues paper assesses the youth unemployment problem in advanced European economies, especially the euro area. Youth unemployment rates increased sharply in the euro area after the crisis. Much of these increases can be explained by output dynamics and the greater sensitivity of youth unemployment to economic activity compared with adult unemployment. Labor market institutions also play an important role, especially the tax wedge, minimum wages, and spending on active labor market policies. The paper highlights that policies to address youth unemployment should be comprehensive and country specific, focusing on reviving growth and implementing structural reforms.

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    Paper provided by International Monetary Fund in its series IMF Staff Country Reports with number 14/199.

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    Length: 114
    Date of creation: 14 Jul 2014
    Handle: RePEc:imf:imfscr:14/199
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    1. Lars Calmfors & Simon Wren‐Lewis, 2011. "What should fiscal councils do?," Economic Policy, CEPR;CES;MSH, vol. 26(68), pages 649-695, October.
    2. Francesca D'Auria & Cécile Denis & Karel Havik & Kieran Mc Morrow & Christophe Planas & Rafal Raciborski & Werner Roger & Alessandro Rossi, 2010. "The production function methodology for calculating potential growth rates and output gaps," European Economy - Economic Papers 2008 - 2015 420, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    3. Douglas Sutherland & Robert Price & Isabelle Joumard, 2006. "Sub-central government fiscal rules," OECD Economic Studies, OECD Publishing, vol. 2005(2), pages 141-181.
    4. Mike Seiferling, 2013. "Stock-Flow Adjustments, Government’s Integrated Balance Sheet and Fiscal Transparency," IMF Working Papers 13/63, International Monetary Fund.
    5. Roel M. W. J. Beetsma & Xavier Debrun, 2004. "Reconciling Stability and Growth: Smart Pacts and Structural Reforms," IMF Staff Papers, Palgrave Macmillan, vol. 51(3), pages 431-456, November.
    6. Steven A. Symansky & Xavier Debrun & Natan P. Epstein, 2008. "A New Fiscal Rule; Should Israel “Go Swiss?”," IMF Working Papers 08/87, International Monetary Fund.
    7. Bergljot B Barkbu & Jesmin Rahman & Rodrigo O. Valdes, 2012. "Fostering Growth in Europe Now," IMF Staff Discussion Notes 12/07, International Monetary Fund.
    8. Jordi Gali & Roberto Perotti, 2003. "Fiscal Policy and Monetary Integration in Europe," NBER Working Papers 9773, National Bureau of Economic Research, Inc.
    9. Jens Høj & Vincenzo Galasso & Giuseppe Nicoletti & Thai-Thanh Dang, 2007. "An empirical investigaton of political economy factors behind structural reforms in OECD countries," OECD Economic Studies, OECD Publishing, vol. 2006(1), pages 87-136.
    10. Astrid Lemmer & Dan Stegarescu, 2009. "Revenue windfalls and expenditure slippages: Disappointing implementation of the reformed stability and growth pact," Intereconomics: Review of European Economic Policy, Springer;German National Library of Economics;Centre for European Policy Studies (CEPS), vol. 44(3), pages 159-165, May.
    11. Jacopo Cimadomo, 2005. "Has the Stability and Growth Pact Made Fiscal Policy More Pro-Cyclical?," La Lettre du CEPII, CEPII research center, issue 247.
    12. International Monetary Fund, 2010. "Estimating Potential Output with a Multivariate Filter," IMF Working Papers 10/285, International Monetary Fund.
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