Blanchard, Ο., Jaumotte, F. and Loungani, P., (2013), “Unemployment, labour-market flexibility and IMF advice: Moving beyond mantras”, VoxEU, 18 Οκτωβρίου.
The state of labour markets in advanced economies remains dismal despite recent signs of growth. This column explains the IMF’s logic behind the advice it provided on labour markets during the Great Recession. It argues that flexibility is crucial both at the micro level, i.e. on worker reallocation, and at the macro level, e.g. on collective agreements. It suggests that the IMF approach is close to the consensus among labour-market researchers.
Σχετικές Αναρτήσεις
- Tyson, L., (2013), “The quality of jobs: The new normal and the old normal”, The New York Times, Economix Blog, 20 Σεπτεμβρίου.
- Billington, I., (2013), “Euro-Zone Unemployment Unlikely to Fall Quickly”, The Wall Street Journal, The Euro Crisis Blog, 10 Σεπτεμβρίου.
- Tridico, P., (2013), “The impact of the economic crisis on EU labour markets: A comparative perspective”, International Labour Review, Vol. 152, N.2, pp. 175-190.