Drowned by numbers? Stabilization properties ...
Document type :
Compte-rendu et recension critique d'ouvrage
Title :
Drowned by numbers? Stabilization properties of an EU-wide unemployment insurance system
Author(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]
Journal title :
Applied Economics
Pages :
4153-4181
Publisher :
Taylor & Francis (Routledge)
Publication date :
2018-02-25
ISSN :
0003-6846
HAL domain(s) :
Sciences de l'Homme et Société/Economies et finances
English abstract : [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 ...
Show more >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.Show less >
Show more >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.Show less >
Language :
Anglais
Popular science :
Non
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