The Resource The economic future of Europe, [by] Olivier Blanchard

The economic future of Europe, [by] Olivier Blanchard

Label
The economic future of Europe
Title
The economic future of Europe
Statement of responsibility
[by] Olivier Blanchard
Creator
Contributor
Subject
Language
eng
Summary
After three years of near stagnation, the mood in Europe is definitely gloomy. Many doubt that the European model has a future. In this paper, I argue that things are not so bad, and there is room for optimism. Over the last thirty years, productivity growth has been much higher in Europe than in the United States. Productivity levels are roughly similar in the European Union and in the United States today. The main difference is that Europe has used some of the increase in productivity to increase leisure rather than income, while the U.S. has done the opposite. Turning to the present, a deep and wide ranging reform process is taking place. This reform process is driven by reforms in financial and product markets. Reforms in those markets are in turn putting pressure for reform in the labor market. Reform in the labor market will eventually take place, but not overnight and not without political tensions. These tensions have dominated and will continue to dominate the news; but they are a symptom of change, not a reflection of immobility. Keywords: Europe, growth, deregulation, goods markets, labor markets. JEL Classifications: E6, L5, J6
Member of
Additional physical form
Abstract in HTML and working paper for download in PDF available via World Wide Web at the Social Science Research Network.
Cataloging source
MYG
http://library.link/vocab/creatorName
Blanchard, Olivier
Illustrations
illustrations
Index
no index present
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
  • technical reports
http://library.link/vocab/relatedWorkOrContributorName
Massachusetts Institute of Technology
Series statement
Working paper series / Massachusetts Institute of Technology, Dept. of Economics
Series volume
working paper 04-04
http://library.link/vocab/subjectName
  • Labor market
  • Industrial productivity
Label
The economic future of Europe, [by] Olivier Blanchard
Link
Instantiates
Publication
Note
"February 1, 2004."
Bibliography note
Includes bibliographical references (p. 33-36)
Extent
1 online resource (36 pages
Form of item
online
Other physical details
illustrations)
Specific material designation
remote
Label
The economic future of Europe, [by] Olivier Blanchard
Link
Publication
Note
"February 1, 2004."
Bibliography note
Includes bibliographical references (p. 33-36)
Extent
1 online resource (36 pages
Form of item
online
Other physical details
illustrations)
Specific material designation
remote

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