Euro Area Policies: Selected Issues

July 14, 2014

Preview Citation

Format: Chicago

Euro Area Policies: Selected Issues, (USA: International Monetary Fund, 2014) accessed November 21, 2024

Summary

This Selected Issues paper assesses the youth unemployment problem in advanced European economies, especially the euro area. Youth unemployment rates increased sharply in the euro area after the crisis. Much of these increases can be explained by output dynamics and the greater sensitivity of youth unemployment to economic activity compared with adult unemployment. Labor market institutions also play an important role, especially the tax wedge, minimum wages, and spending on active labor market policies. The paper highlights that policies to address youth unemployment should be comprehensive and country specific, focusing on reviving growth and implementing structural reforms.

Subject: Balance of payments, Current account, Economic sectors, Financial services, Fiscal policy, Fiscal stance, Labor, Securitization, Small and medium enterprises, Unemployment

Keywords: Area country, CR, Creditor economy, Current account, Euro area, Europe, Fiscal stance, Global, Investment, Investment dynamics, ISCR, Labor market feature, Securitization, Securitization market, Small and medium enterprises, Unemployment, Youth unemployment

Publication Details

Pages:

114
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/199
Stock No:

1EUREA2014003
ISBN:

9781498308007
ISSN:

1934-7685

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