European Journal of Economics and Economic Policies-Intervention最新文献

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Does a job guarantee pay off? The fiscal costs of fighting long-term unemployment in Austria 一份工作有回报吗?奥地利应对长期失业的财政成本
IF 0.6
European Journal of Economics and Economic Policies-Intervention Pub Date : 2021-04-08 DOI: 10.4337/EJEEP.2021.0077
Simon Theurl, Dennis Tamesberger
{"title":"Does a job guarantee pay off? The fiscal costs of fighting long-term unemployment in Austria","authors":"Simon Theurl, Dennis Tamesberger","doi":"10.4337/EJEEP.2021.0077","DOIUrl":"https://doi.org/10.4337/EJEEP.2021.0077","url":null,"abstract":"The idea of a job guarantee (JG) to tackle unemployment has become popular again over recent years. Critics often point to the fiscal costs and the macroeconomic impact of a government financing full employment. In this paper, we analyse the fiscal costs of a JG for long-term unemployed people over the age of 45 in Austria. We show that a JG pays off in the long run. Even if the amount of jobs to be provided increases in times of a recession, or if a government starts with a certain amount of jobs and increases it afterwards, the JG would pay for itself.","PeriodicalId":44368,"journal":{"name":"European Journal of Economics and Economic Policies-Intervention","volume":"100 1","pages":""},"PeriodicalIF":0.6,"publicationDate":"2021-04-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82688644","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Book review: Furtado, Celso (2020): The Myth of Economic Development, Medford, MA, USA and Cambridge, UK (111 pages, Polity Press, hardcover, ISBN 978-1-5095-4013-6; softcover, ISBN 978-1-5095-4014-3; ebook, ISBN 978-1-5095-4015-0) 书评:费塔多,塞尔索(2020):经济发展的神话,梅德福,马萨诸塞州,美国和剑桥,英国(111页,Polity出版社,精装,ISBN 978-1-5095-4013-6;软装,ISBN 978-1-5095-4014-3;电子书,ISBN 978-1-5095-4015-0)
IF 0.6
European Journal of Economics and Economic Policies-Intervention Pub Date : 2021-04-07 DOI: 10.4337/EJEEP.2021.01.07
Santiago Craña Colella, M. Pellegrini
{"title":"Book review: Furtado, Celso (2020): The Myth of Economic Development, Medford, MA, USA and Cambridge, UK (111 pages, Polity Press, hardcover, ISBN 978-1-5095-4013-6; softcover, ISBN 978-1-5095-4014-3; ebook, ISBN 978-1-5095-4015-0)","authors":"Santiago Craña Colella, M. Pellegrini","doi":"10.4337/EJEEP.2021.01.07","DOIUrl":"https://doi.org/10.4337/EJEEP.2021.01.07","url":null,"abstract":"","PeriodicalId":44368,"journal":{"name":"European Journal of Economics and Economic Policies-Intervention","volume":"370 1","pages":"106-109"},"PeriodicalIF":0.6,"publicationDate":"2021-04-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77979469","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Book review: Mazier, Jacques (2020): Global Imbalances and Financial Capitalism: Stock-Flow-Consistent Modelling, London, UK and New York, NY, USA (318 pages, Routledge, hardcover, ISBN 978-1-138-34558-4; also available as ebook) 书评:Mazier, Jacques(2020):全球失衡与金融资本主义:股票流动一致模型,英国伦敦和美国纽约(318页,Routledge,精装本,ISBN 978-1-138-34558-4;也有电子书版本)
IF 0.6
European Journal of Economics and Economic Policies-Intervention Pub Date : 2021-04-07 DOI: 10.4337/EJEEP.2021.01.06
M. Lavoie
{"title":"Book review: Mazier, Jacques (2020): Global Imbalances and Financial Capitalism: Stock-Flow-Consistent Modelling, London, UK and New York, NY, USA (318 pages, Routledge, hardcover, ISBN 978-1-138-34558-4; also available as ebook)","authors":"M. Lavoie","doi":"10.4337/EJEEP.2021.01.06","DOIUrl":"https://doi.org/10.4337/EJEEP.2021.01.06","url":null,"abstract":"","PeriodicalId":44368,"journal":{"name":"European Journal of Economics and Economic Policies-Intervention","volume":"44 1","pages":"102-105"},"PeriodicalIF":0.6,"publicationDate":"2021-04-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79043703","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The twilight of neoliberalism in the USA? 美国新自由主义的黄昏?
IF 0.6
European Journal of Economics and Economic Policies-Intervention Pub Date : 2021-04-01 DOI: 10.4337/ejeep.2021.0079
T. Evans
{"title":"The twilight of neoliberalism in the USA?","authors":"T. Evans","doi":"10.4337/ejeep.2021.0079","DOIUrl":"https://doi.org/10.4337/ejeep.2021.0079","url":null,"abstract":"The US economic expansion which began in 2009 was unusually prolonged but relatively weak. Profitability and investment strengthened between 2010 and 2015 but then began to falter. After Trump took office in 2017 there was a minor recovery in investment but the proceeds of major tax cuts were overwhelmingly used to finance payouts to share owners. Unemployment fell steadily from 2010 but with a shift towards lower-paid jobs. Median wages increased from around 2014, but while those for women had risen steadily since the 1980s, those for men only recuperated to their 1980 level in 2018. By contrast, top incomes soared. The impact of the COVID-19 epidemic was partly cushioned by huge government spending programmes, but unemployment among less-skilled workers increased strongly, while the massive monetary response led to an unprecedented bonanza for the rich. The Biden government's first major initiative extended unemployment benefits and promoted a national response to the health emergency, but failed to secure an increase in the national minimum wage to $15 an hour.","PeriodicalId":44368,"journal":{"name":"European Journal of Economics and Economic Policies-Intervention","volume":"152 1","pages":""},"PeriodicalIF":0.6,"publicationDate":"2021-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75968225","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
US Employment Inequality in the Great Recession and the COVID-19 Pandemic 大衰退和COVID-19大流行期间的美国就业不平等
IF 0.6
European Journal of Economics and Economic Policies-Intervention Pub Date : 2021-03-31 DOI: 10.36687/INETWP154
Steven M. Fazzari, Ella Needler
{"title":"US Employment Inequality in the Great Recession and the COVID-19 Pandemic","authors":"Steven M. Fazzari, Ella Needler","doi":"10.36687/INETWP154","DOIUrl":"https://doi.org/10.36687/INETWP154","url":null,"abstract":"This article compares inequality in US employment across social groups in the Great Recession and the COVID-19 pandemic. We develop an inequality measure that captures both how much employment declines during a recession and the persistence of those declines. The results show a significant shift of job loss from men in the Great Recession to women in the COVID-19 lockdown. White workers fare better than other racial/ethnic groups in both recessions. Black and Hispanic women are hit especially hard in the COVID-19 pandemic. With our job loss measure, less educated workers had modestly worse outcomes in the Great Recession. However, during COVID-19, less educated workers suffer much more severe employment consequences than more educated groups. We discuss long-term effects of employment inequality and how these findings are relevant to debates about policy responses.","PeriodicalId":44368,"journal":{"name":"European Journal of Economics and Economic Policies-Intervention","volume":"26 1","pages":""},"PeriodicalIF":0.6,"publicationDate":"2021-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88723631","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 8
Crisis, austerity, and fiscal expenditure in Greece: recent experience and future prospects in the post-COVID-19 era 希腊的危机、紧缩和财政支出:后covid -19时代的近期经验和未来前景
IF 0.6
European Journal of Economics and Economic Policies-Intervention Pub Date : 2021-03-29 DOI: 10.4337/EJEEP.2021.0076
M. Nikiforos
{"title":"Crisis, austerity, and fiscal expenditure in Greece: recent experience and future prospects in the post-COVID-19 era","authors":"M. Nikiforos","doi":"10.4337/EJEEP.2021.0076","DOIUrl":"https://doi.org/10.4337/EJEEP.2021.0076","url":null,"abstract":"This paper provides a discussion of the relationships between austerity, the macroeconomic performance of the Greek economy, debt sustainability, and the provision of healthcare and other social services since 2010. It explains that austerity was imposed in the name of debt sustainability. However, there was a vicious cycle of recession and austerity: each round of austerity measures led to a deeper recession, which increased the debt-to-GDP ratio and therefore undermined the goal of debt sustainability and led to another round of austerity. One of the effects of the austerity policies was the significant reduction of healthcare expenditure, which made Greece more vulnerable to the recent pandemic. Finally, it shows how recent pre-COVID debt sustainability analyses projected that Greek public debt would become unsustainable even under minor deviations from an optimistic baseline. The pandemic shock will thus lead to an explosion of public debt. This brings again to the fore the need for a restructuring of Greek public debt, and other policies that will address the eurozone’s structural imbalances.","PeriodicalId":44368,"journal":{"name":"European Journal of Economics and Economic Policies-Intervention","volume":"221 ","pages":""},"PeriodicalIF":0.6,"publicationDate":"2021-03-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"72421641","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 5
The Troika’s conditionalities during the Greek financial crisis of 2010–2014: the Washington Consensus is alive, well, and here to stay 三驾马车在2010-2014年希腊金融危机期间的附加条件:“华盛顿共识”(Washington Consensus)依然存在,而且将继续存在
IF 0.6
European Journal of Economics and Economic Policies-Intervention Pub Date : 2021-03-29 DOI: 10.4337/EJEEP.2021.0075
J. Marangos
{"title":"The Troika’s conditionalities during the Greek financial crisis of 2010–2014: the Washington Consensus is alive, well, and here to stay","authors":"J. Marangos","doi":"10.4337/EJEEP.2021.0075","DOIUrl":"https://doi.org/10.4337/EJEEP.2021.0075","url":null,"abstract":"There is a widespread perception around the world that the Washington Consensus is dead. In contrast to the world tide prior to the global financial crisis of 2008, this paper aims to demonstrate that the conditionalities inspired by the Washington Consensus and imposed by the international financial institutions are still pertinent. Using as a case study the Greek financial crisis of 2010–2014, it is verified that the Troika’s austerity imposed conditionalities that neatly fit within the Washington Consensus framework. However, consistent with the neoclassical framework, the Washington Consensus recommends the reduction in taxes, whereas the Troika’s austerity conditionalities entail an increase in taxes. It appears that a striking paradox is present, in that the neoclassical tax conditionality policy is sacrificed in the name of increased tax revenue. This allegedly perplexing tax policy and blatant conflict, which appears to controvert the very essence of the neoclassical ideological framework of the Washington Consensus and the IMF, will be further explored.","PeriodicalId":44368,"journal":{"name":"European Journal of Economics and Economic Policies-Intervention","volume":"75 1","pages":"1-25"},"PeriodicalIF":0.6,"publicationDate":"2021-03-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82985033","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 4
Migrant inflows, capital outflows, growth and distribution: should we control capital rather than immigration? 移民流入、资本外流、增长和分配:我们应该控制资本而不是移民吗?
IF 0.6
European Journal of Economics and Economic Policies-Intervention Pub Date : 2021-03-01 DOI: 10.4337/EJEEP.2021.0074
E. Brancaccio, A. Califano, Fabiana De Cristofaro
{"title":"Migrant inflows, capital outflows, growth and distribution: should we control capital rather than immigration?","authors":"E. Brancaccio, A. Califano, Fabiana De Cristofaro","doi":"10.4337/EJEEP.2021.0074","DOIUrl":"https://doi.org/10.4337/EJEEP.2021.0074","url":null,"abstract":"Liberalization policies of international movements of capital and labour have represented a crucial feature of the so-called ‘globalization’ era. More recently, however, several restrictions on migratory movements have been adopted to face the alleged negative effects of immigration. On the contrary, free movement of capital has almost always been preserved. This paper aims to verify whether this current framework of international economic policy can be justified in economic terms. We propose an unprecedented direct comparison between the macroeconomic and distributive impacts of ‘extreme’ episodes of net capital outflows and net migrant inflows in OECD countries between 1970 and 2017. Applying a fixed-effects approach and an event-study approach, we show that GDP growth and functional income distribution have null or even positive statistical relationships with immigration, while they have largely negative statistical relationships with capital flights. More specifically, extreme migrant inflows are not related or in some cases are positively related to real GDP growth, real GDP per capita growth and the wage share, while extreme capital outflows are negatively related to real GDP growth and real GDP per capita growth. These results contrast with current policy agendas and seem to suggest that controls should concern capital movements rather than migratory flows of people.","PeriodicalId":44368,"journal":{"name":"European Journal of Economics and Economic Policies-Intervention","volume":"58 1","pages":"1-20"},"PeriodicalIF":0.6,"publicationDate":"2021-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"72801287","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
‘It is clear that this kind of deregulated capitalism will not survive in the end’ “很明显,这种放松管制的资本主义最终将无法生存。”
IF 0.6
European Journal of Economics and Economic Policies-Intervention Pub Date : 2021-03-01 DOI: 10.4337/EJEEP.2021.0073
Eckhard Hein
{"title":"‘It is clear that this kind of deregulated capitalism will not survive in the end’","authors":"Eckhard Hein","doi":"10.4337/EJEEP.2021.0073","DOIUrl":"https://doi.org/10.4337/EJEEP.2021.0073","url":null,"abstract":"","PeriodicalId":44368,"journal":{"name":"European Journal of Economics and Economic Policies-Intervention","volume":"116 1","pages":"1-8"},"PeriodicalIF":0.6,"publicationDate":"2021-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78850234","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Book review: Łaski, K. (2019): Lectures in Macroeconomics: A Capitalist Economy Without Unemployment, Jerzy Osiatyński and Jan Toporowski (eds), Oxford, UK and New York, NY, USA (192 pages, Oxford University Press, ISBN 978-0-19-884211-8)* 书评:Łaski, K.(2019):宏观经济学讲座:没有失业的资本主义经济,耶日Osiatyński和Jan Toporowski(编),英国牛津和美国纽约(192页,牛津大学出版社,ISBN 978-0-19-884211-8)*
IF 0.6
European Journal of Economics and Economic Policies-Intervention Pub Date : 2020-11-01 DOI: 10.4337/ejeep.2020.03.12
Eckhard Hein
{"title":"Book review: Łaski, K. (2019): Lectures in Macroeconomics: A Capitalist Economy Without Unemployment, Jerzy Osiatyński and Jan Toporowski (eds), Oxford, UK and New York, NY, USA (192 pages, Oxford University Press, ISBN 978-0-19-884211-8)*","authors":"Eckhard Hein","doi":"10.4337/ejeep.2020.03.12","DOIUrl":"https://doi.org/10.4337/ejeep.2020.03.12","url":null,"abstract":"","PeriodicalId":44368,"journal":{"name":"European Journal of Economics and Economic Policies-Intervention","volume":"112 1","pages":"413-417"},"PeriodicalIF":0.6,"publicationDate":"2020-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79685486","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
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