The agony of unemployment in the Euro Area
This paper looks at the evolution of the unemployment problem in the Euro Area. Our goal is to look at what are the roots of the unemployment problem and to devise reasons of the already chronic unemployment problem. We show the main factors that prolong the agony of unemployment and whether it is l...
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University Dzon Nezbit
2014-01-01
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Online Access: | http://scindeks-clanci.ceon.rs/data/pdf/1820-3159/2014/1820-31591402095R.pdf |
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doaj-4f9c6ce9bcb042fba0177c6a532ebffd2020-11-24T23:11:06ZengUniversity Dzon NezbitMegatrend Revija1820-31592014-01-011129511610.5937/MegRev1402095R1820-31591402095RThe agony of unemployment in the Euro AreaRistanović Vladimir0Fakultet za međunarodnu ekonomiju, Megatrend univerzitet, BeogradThis paper looks at the evolution of the unemployment problem in the Euro Area. Our goal is to look at what are the roots of the unemployment problem and to devise reasons of the already chronic unemployment problem. We show the main factors that prolong the agony of unemployment and whether it is likely that in the near future, the problem of unemployment in the Euro Area will bi past. In the Euro Area we follow the analysis of basic macroeconomic indicators of balance in an economy - GDP, inflation and unemployment. We consider whether the monetary strategy of inflation targeting has contributed to the unemployment problem, by reducing the potential output, but also to confirm that within the current global crisis there are some deviations from the theoretical concepts of basic macroeconomic relationships - Okun's law and the Phillips curve. We show that only Germany, with a 'small' sacrifice, can save the real sector in the peripheral Mediterranean countries, as well as in the entire Euro Area.http://scindeks-clanci.ceon.rs/data/pdf/1820-3159/2014/1820-31591402095R.pdfmacroeconomic balancereal GDPunemploymentinflationrecessionEuro Area |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Ristanović Vladimir |
spellingShingle |
Ristanović Vladimir The agony of unemployment in the Euro Area Megatrend Revija macroeconomic balance real GDP unemployment inflation recession Euro Area |
author_facet |
Ristanović Vladimir |
author_sort |
Ristanović Vladimir |
title |
The agony of unemployment in the Euro Area |
title_short |
The agony of unemployment in the Euro Area |
title_full |
The agony of unemployment in the Euro Area |
title_fullStr |
The agony of unemployment in the Euro Area |
title_full_unstemmed |
The agony of unemployment in the Euro Area |
title_sort |
agony of unemployment in the euro area |
publisher |
University Dzon Nezbit |
series |
Megatrend Revija |
issn |
1820-3159 |
publishDate |
2014-01-01 |
description |
This paper looks at the evolution of the unemployment problem in the Euro Area. Our goal is to look at what are the roots of the unemployment problem and to devise reasons of the already chronic unemployment problem. We show the main factors that prolong the agony of unemployment and whether it is likely that in the near future, the problem of unemployment in the Euro Area will bi past. In the Euro Area we follow the analysis of basic macroeconomic indicators of balance in an economy - GDP, inflation and unemployment. We consider whether the monetary strategy of inflation targeting has contributed to the unemployment problem, by reducing the potential output, but also to confirm that within the current global crisis there are some deviations from the theoretical concepts of basic macroeconomic relationships - Okun's law and the Phillips curve. We show that only Germany, with a 'small' sacrifice, can save the real sector in the peripheral Mediterranean countries, as well as in the entire Euro Area. |
topic |
macroeconomic balance real GDP unemployment inflation recession Euro Area |
url |
http://scindeks-clanci.ceon.rs/data/pdf/1820-3159/2014/1820-31591402095R.pdf |
work_keys_str_mv |
AT ristanovicvladimir theagonyofunemploymentintheeuroarea AT ristanovicvladimir agonyofunemploymentintheeuroarea |
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