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Dial N for NAIRU, or not?
NAIRU, a useless concept? Matthew C Klein asks why a purely real variable (unemployment) should have any bearing on a purely nominal one (inflation). In 1926, Irving Fisher found a relationship between...
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The Mariel Boatlift Controversy
In 1980, 125,000 mostly low-skill immigrants arrived in Miami from Mariel Bay, Cuba (“Mariel Boatlift”) in the space of a few months. In 1990, David Card investigated the effects of the boatlift on the...
View ArticleIs Greece’s labour market bouncing back?
The Greek economy has suffered greatly since the 2008 crisis, but one bright spot in the Greek economy is the rebound of the labour market. This resurgence is touching many sectors. Although employment...
View ArticleCombating inequalities as a lever to boost job creation and growth
This presentation was delivered in Brussels at the Employment and Social Affairs Committee (EMPL) of the European Parliament on 29 May 2017.
View ArticleCould revising the posted workers directive improve social conditions?
In this parliamentary testimony Zsolt Darvas discussed the importance of posted workers in driving down wages/social conditions in high-wage EU countries and made several conclusions on the state of...
View ArticleEU posted workers: separating fact and fiction
A posted worker is someone who is temporarily (typically for a few months/days) sent to a country different to the country of his/her employer to carry out a service in a host country. For example, a...
View ArticleRemaking Europe: the new manufacturing as an engine for growth
Manufacturing once provided Europe with many jobs that did not require high skills. The idea that such jobs can be revived is a central issue for many politicians and is behind the demand that products...
View ArticleEmployment in Europe and the US: the EU’s remarkable strength
The global financial crash had a lasting impact in Europe. Most EU countries faced long recessions and labour market weakness after 2008. In contrast, recovery in the US economy and job market started...
View ArticleLong-term growth potential, or dead in the long run?
For the tribe of policy economists, Navratri and Durga Puja this year had an excitement beyond the ordinary. The source of this was an article last Wednesday by former BJP finance minister Yashwant...
View ArticleRevision of the Posted Workers Directive misses the point
Posted workers are EU citizens with an employment contract in their home country, who are temporarily posted to a host EU country by their employer when their employer provides a certain service. For...
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The capital tax cut debate
Former chair of the Council of Economic Advisers (CEA) Jason Furman writes on Twitter that “the economic debate about the %age of the corporate tax paid by labour ranges from 0% to 100%. The new CEA...
View ArticleThe economic effects of refugee return and policy implications
This publication was originally published by OCP Policy Centre According to the European Union over a million rejected asylum seekers have been ordered to return to their country of origin from Europe...
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A slightly tighter ECB
In a recent TV interview, I said that I was a bit surprised by the ECB’s dovish decision on QE, announced at the last press conference, and that I thought the ECB could have been a little slightly...
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German wages, the Phillips curve and migration in the euro area
An important debate in the blogosphere concerns the possible death of the Philipps curve – i.e. the empirical relationship between inflation or wage growth on the one hand and the amount of slack in...
View ArticleMoroccan job market issues, and labour trends in the Middle East and North...
One cannot speak of a common jobs problem across the Middle East and North Africa (MENA) region. The countries at war – Syria, Yemen, Libya – are, of course, each a story in themselves. Some countries...
View ArticleInclusive Europe: a journey towards integration
Senior Bruegel fellow Zsolt Darvas discusses the impact and integration of migrants in the European Union, based on a new research paper he has co-authored with Uuriintuya Batsaikhan and Inês...
View ArticleThe growing presence of robots in EU industries
The author is grateful to Nicolas Moës for its research assistance. When it comes to artificial intelligence (AI) technologies, the mass arrival of intelligent and efficient robots and their impact on...
View ArticleRemaking Europe
Manufacturing in its 21st century guise is markedly different from its traditional portrayal. Innovations are not only improving the efficiency of production processes but are also allowing for the...
View ArticlePeople on the move: migration and mobility in the European Union
Immigration tops the list of challenges of greatest concern to European Union citizens. While in the past immigration was primarily driven by economic motives and family reunification, in the last few...
View ArticleThe ever-rising labour shortages in Europe
A frequently voiced concern by citizens of western and northern European countries is that immigration from the newer central and eastern EU member states has taken away the jobs of local workers. What...
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