Macroeconomic Policy and its Impacts on Employment in Europe
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概要
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In recent years although the rates of inflation in USA-UK are very similar to that in Europe, most European countries are suffering from persistent unemployment. The view of the Anglo-American economists and of the World Bank-IMF is that reform in the labour market is needed to curtail unemployment. Here, we analyze the monetary and fiscal policy of the European countries in recent years to show that extreme conservative monetary-fiscal policy regimes are responsible for the persistent unemployment in Europe. A flexible labour market policy suggested by the Anglo-American economists will lead to erosion of secure employment but will not add anything to the general welfare of the people in Europe.
- 長崎大学の論文
- 2006-12-25
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