Drowned by numbers? Stabilization properties ...
Type de document :
Compte-rendu et recension critique d'ouvrage
Titre :
Drowned by numbers? Stabilization properties of an EU-wide unemployment insurance system
Auteur(s) :
Farvaque, Etienne [Auteur]
Lille économie management - UMR 9221 [LEM]
Huart, Florence [Auteur]
Economie Quantitative, Intégration, Politiques Publiques et Econométrie [EQUIPPE]
Lille économie management - UMR 9221 [LEM]
Huart, Florence [Auteur]
Economie Quantitative, Intégration, Politiques Publiques et Econométrie [EQUIPPE]
Titre de la revue :
Applied Economics
Pagination :
4153-4181
Éditeur :
Taylor & Francis (Routledge)
Date de publication :
2018-02-25
ISSN :
0003-6846
Discipline(s) HAL :
Sciences de l'Homme et Société/Economies et finances
Résumé en anglais : [en]
The recent crisis has given rise to proposals for the creation of a European unemployment insurance system. We simulate an EU-wide mechanism under various scenarios, varying methods of financing (common or country-specific ...
Lire la suite >The recent crisis has given rise to proposals for the creation of a European unemployment insurance system. We simulate an EU-wide mechanism under various scenarios, varying methods of financing (common or country-specific contribution rates) and triggers for pay-outs (all time or contingent clauses). We analyse the impact of the system using different measures of stabilization under different fiscal multipliers. A system operating during bad times (periods where the increase in unemployment is large) would reduce GDP growth variability but also growth correlation among member countries. Hence, there is a trade-off between stabilization and synchronization of national business cycles.Lire moins >
Lire la suite >The recent crisis has given rise to proposals for the creation of a European unemployment insurance system. We simulate an EU-wide mechanism under various scenarios, varying methods of financing (common or country-specific contribution rates) and triggers for pay-outs (all time or contingent clauses). We analyse the impact of the system using different measures of stabilization under different fiscal multipliers. A system operating during bad times (periods where the increase in unemployment is large) would reduce GDP growth variability but also growth correlation among member countries. Hence, there is a trade-off between stabilization and synchronization of national business cycles.Lire moins >
Langue :
Anglais
Vulgarisation :
Non
Collections :
Source :