It is probably fair to say that the effects of the growing international fragmentation of production chains on home country labour markets are still not fully understood.
Offshoring – Positive or negative employment effects?
Christoph Moser, Dieter M. Urban, Beatrice Weder di Mauro, 31 October 2009
Will the current economic crisis lead to more retirements?
Phillip B. Levine, Courtney C. Coile, 31 October 2009
Over the past year, numerous stories in the popular press have suggested that workers in the US will delay retirement as a result of the current economic crisis. Diminished retirement savings and home equity have shrunk expected retirement income, so the standard story suggest older individuals will stay in the labour force longer.
It is migration, stupid
Tito Boeri, 23 June 2009
Recessions are traditionally good times for left-wing parties, whose support for redistributive policies is perceived by voters as a sort of insurance scheme. If someone loses her job in the recession or gets poorer in the generalised downturn, there will be someone up there in the “centre of things” making sure that she receives some social support.
Labour markets on the verge of a regulation crisis
Giuseppe Bertola, 26 May 2009
Unemployment is now just about the same in France and the Eurozone as a whole (8.8%) and in the US (8.9%). This is a rather unusual coincidence. The trends in Figure 1 show that in the 1960s unemployment in France (and other European countries) was much lower than in the US.
Unemployment in the current crisis
Mike Elsby, Bart Hobijn, Aysegul Sahin, 14 February 2009
With the US economy officially in recession and other major economies set to follow suit, the spectre of rising unemployment once again occupies the minds of policymakers and media pundits alike.
What Keynes should have said
Roger E. A. Farmer , 4 February 2009
For more than seventy years, policy makers have used Keynesian monetary and fiscal policies to control recessions (Keynes 1936). Although these policies are widely perceived to have been successful in stabilising the business cycle, academics gave up on Keynesian theory in the 1970s.
Looking beyond the boom
Marcus Noland, Howard Pack, 1 August 2008
The Arab world is experiencing an economic boom spurred by surging energy prices, reinforced by reform. But most Arabs do not live in major oil-producing countries, and the region has the world’s lowest employment rate – less than half of adults are formally employed.
Vicious and Virtuous cycles – the political economy of unemployment in interwar UK and US
Kent Matthews, Patrick Minford, Ruthira Naraidoo, 9 July 2008
Why is unemployment high in some countries and low in others? Why has the same country experienced high unemployment in some periods of its history and low unemployment in other periods?
Randomised control trials of unemployment benefits: An example from Central Europe
John Micklewright, Gyula Nagy, 30 April 2008
In their authoritative review of unemployment in OECD countries, Stephen Nickell and his colleagues have argued that the way in which unemployment benefits are administered is crucial in determining the extent to which generous benefit systems actually influence levels of unemployment. A story of high levels of benefit encouraging high levels of unemployment is too simple.
Immigration in Western Europe
Gianmarco I.P. Ottaviano, Giovanni Peri, 17 April 2008
Western European workers are ageing, Western European women are increasingly participating into the labour force, and young Western European generations have significantly increased their level of schooling.
- Fiscal consolidation: At what speed?Blanchard, Leigh
- Public debt and economic growth, one more timePanizza, Presbitero
- Escaping liquidity traps: Lessons from the UK’s 1930s escapeCrafts
- The lessons of the North Atlantic crisis for economic theory and policyStiglitz
- Rethinking macroeconomic policyBlanchard
- A tale of two depressions: What do the new data tell us? February 2010 updateEichengreen, O’Rourke
- Educated in America: College graduates and high school dropoutsHeckman, LaFontaine
- Eurozone breakup would trigger the mother of all financial crisesEichengreen
- Debt, deleveraging, and the liquidity trap: A new modelKrugman
- Panic-driven austerity in the Eurozone and its implicationsDe Grauwe, Ji
Reichlin, Baldwin, 14 April 2013
Reichlin, Turner, Woodford
CEPR Policy Research
- The "Greatest" Carry Trade Ever? Understanding Eurozone Bank RisksAcharya, Steffen
- Political Credit Cycles: The Case of the Euro ZoneFernández-Villaverde, Garicano, Santos
- Winning by Losing: Incentive Incompatibility in Multiple QualifiersDagaev, Sonin
- Income and schoolingBrückner, Gradstein
- Monetary Policy and Rational Asset Price BubblesGalí
- How the EZ crisis is permanently changing EU institutionsMicossi
- WTO 2.0: Global governance of supply-chain tradeBaldwin
- Is US economic growth over? Faltering innovation confronts the six headwindsGordon
- The economic crisis: How to stimulate economies without increasing public debtWood
- Austerity: Too Much of a Good Thing?Corsetti