An economists’ Manifesto on unemployment in the European Union
In this Manifesto, we make a set of proposals to fight unemployment in the EU. We believe that the European unemployment problem needs to be attacked on two fronts: through a broad spectrum of supply-side policies and the demand management policy. The expansion of aggregate demand is necessary to in...
| Main Authors: | , , , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Associazione Economia civile
1998-09-01
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| Series: | PSL Quarterly Review |
| Subjects: | |
| Online Access: | http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/10601/10485 |
| _version_ | 1818571140912644096 |
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| author | F. MODIGLIANI J.-P. FITOUSSI B. MORO D. SNOWER R. SOLOW A. STEINHERR P. SYLOS LABINI |
| author_facet | F. MODIGLIANI J.-P. FITOUSSI B. MORO D. SNOWER R. SOLOW A. STEINHERR P. SYLOS LABINI |
| author_sort | F. MODIGLIANI |
| collection | DOAJ |
| description | In this Manifesto, we make a set of proposals to fight unemployment in the EU. We believe that the European unemployment problem needs to be attacked on two fronts: through a broad spectrum of supply-side policies and the demand management policy. The expansion of aggregate demand is necessary to increase both investment and employment. However, unless supply-side measures are also taken, demand expansion can result in more inflation instead of more employment, because of the mismatch between the demand and supply of labour. What is important to stress is that both demand and supply-side policies must be adopted together by all European countries, in order both to avoid beggar-thy-neighbor problems and, at the same time, to catch all the possible complementary effects of these policies. |
| first_indexed | 2024-12-14T13:51:47Z |
| format | Article |
| id | doaj.art-f05f45d3b37e49e38f2f59f957ad6178 |
| institution | Directory Open Access Journal |
| issn | 2037-3635 2037-3643 |
| language | English |
| last_indexed | 2024-12-14T13:51:47Z |
| publishDate | 1998-09-01 |
| publisher | Associazione Economia civile |
| record_format | Article |
| series | PSL Quarterly Review |
| spelling | doaj.art-f05f45d3b37e49e38f2f59f957ad61782022-12-21T22:59:03ZengAssociazione Economia civilePSL Quarterly Review2037-36352037-36431998-09-0151206327361An economists’ Manifesto on unemployment in the European UnionF. MODIGLIANIJ.-P. FITOUSSIB. MOROD. SNOWERR. SOLOWA. STEINHERRP. SYLOS LABINIIn this Manifesto, we make a set of proposals to fight unemployment in the EU. We believe that the European unemployment problem needs to be attacked on two fronts: through a broad spectrum of supply-side policies and the demand management policy. The expansion of aggregate demand is necessary to increase both investment and employment. However, unless supply-side measures are also taken, demand expansion can result in more inflation instead of more employment, because of the mismatch between the demand and supply of labour. What is important to stress is that both demand and supply-side policies must be adopted together by all European countries, in order both to avoid beggar-thy-neighbor problems and, at the same time, to catch all the possible complementary effects of these policies.http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/10601/10485Economic aspectsEmploymentUnemployment |
| spellingShingle | F. MODIGLIANI J.-P. FITOUSSI B. MORO D. SNOWER R. SOLOW A. STEINHERR P. SYLOS LABINI An economists’ Manifesto on unemployment in the European Union PSL Quarterly Review Economic aspects Employment Unemployment |
| title | An economists’ Manifesto on unemployment in the European Union |
| title_full | An economists’ Manifesto on unemployment in the European Union |
| title_fullStr | An economists’ Manifesto on unemployment in the European Union |
| title_full_unstemmed | An economists’ Manifesto on unemployment in the European Union |
| title_short | An economists’ Manifesto on unemployment in the European Union |
| title_sort | economists manifesto on unemployment in the european union |
| topic | Economic aspects Employment Unemployment |
| url | http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/10601/10485 |
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