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Economic and Labour Market Review - n° 10 -

Economic and Labour Market Review

"This article explains the important concepts and principles that apply in the National Accounts with regard to pensions. The impact of different types of pension schemes in the sector accounts is described (concentrating on the household sector), and the different ways in which pension schemes affect key statistics such as gross domestic product, gross disposable income and the household saving ratio are discussed."

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Publications Office of the European Union

"This extensive pocketbook on candidate countries and potential candidate countries covers the years 2000 to 2009 and contains tables and graphs on demography, education, social conditions and labour force, national accounts and finance, agriculture, energy, industry, construction and services, transport, communications and information society, as well as external trade, research and development and environment. A short commentary on the data and methodological notes are also included. "
"This extensive pocketbook on candidate countries and potential candidate countries covers the years 2000 to 2009 and contains tables and graphs on demography, education, social conditions and labour force, national accounts and finance, agriculture, energy, industry, construction and services, transport, communications and information society, as well as external trade, research and development and environment. A short commentary on the data ...

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Intereconomics. Review of European Economic Policy - vol. 49 n° 2 -

Intereconomics. Review of European Economic Policy

"In the pre-crisis period, substantial current account imbalances built up in the euro area. Despite recent progress in economic rebalancing, especially in the countries mostly affected by the euro debt crisis, a controversial debate is still raging about past causes, current interpretations and future outlooks for the current account positions of euro area countries. This article examines ten common claims often heard in the public debate and critically discusses their economic foundation."
"In the pre-crisis period, substantial current account imbalances built up in the euro area. Despite recent progress in economic rebalancing, especially in the countries mostly affected by the euro debt crisis, a controversial debate is still raging about past causes, current interpretations and future outlooks for the current account positions of euro area countries. This article examines ten common claims often heard in the public debate and ...

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Publications Office of the European Union

"This extensive pocketbook on enlargement countries covers the years 2002 to 2012 and contains tables and graphs on demography, education, social conditions and labour force, national accounts, finance and prices, agriculture, energy, industry, construction and services, transport, communications and information society, as well as external trade, research and development and environment. A short commentary on the data and methodological notes are also included. "
"This extensive pocketbook on enlargement countries covers the years 2002 to 2012 and contains tables and graphs on demography, education, social conditions and labour force, national accounts, finance and prices, agriculture, energy, industry, construction and services, transport, communications and information society, as well as external trade, research and development and environment. A short commentary on the data and methodological notes ...

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CEPII

"We assess the evolution of real exchange rate misalignments within the euro area from a Fundamental Equilibrium Exchange Rate (FEER) approach. We test the robustness of the results by comparing three different estimations of the output gap. Whatever the output gap assumption, Southern countries were massively overvalued before the euro area crisis. However, the magnitude of the adjustment since is sensitive to the output gap. In particular, Greece has not registered any improvement considering an output gap that captures the financial cycle (10-15 years) instead of the business cycle (5 years). Spain and Portugal have significantly reduced their misalignment but against France and Italy instead of Germany. As a consequence, imbalances in the euro area have not reduced. "
"We assess the evolution of real exchange rate misalignments within the euro area from a Fundamental Equilibrium Exchange Rate (FEER) approach. We test the robustness of the results by comparing three different estimations of the output gap. Whatever the output gap assumption, Southern countries were massively overvalued before the euro area crisis. However, the magnitude of the adjustment since is sensitive to the output gap. In particular...

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Publications Office of the European Union

"Europe in figures – Eurostat yearbook 2012 presents a comprehensive selection of statistical data on Europe. With around 480 statistical tables, figures and maps, the yearbook is a definitive collection of statistical information on the European Union. Most data cover the period 2000-2010 for the European Union and its Member States, while some indicators are provided for other countries, such as members of EFTA, candidate countries to the European Union, Japan or the United States. The yearbook treats the following areas: economy and finance; population; health; education; labour market; living conditions and social protection; industry, trade and services; agriculture, forestry and fisheries; international trade; transport; environment; energy; and science and technology. The yearbook may be viewed as a key reference for those wishing to know more about European statistics, providing guidance to the vast range of data freely available from the Eurostat website. The chapters of the Eurostat yearbook are also available as a continuously updated set of articles in Statistics Explained."
"Europe in figures – Eurostat yearbook 2012 presents a comprehensive selection of statistical data on Europe. With around 480 statistical tables, figures and maps, the yearbook is a definitive collection of statistical information on the European Union. Most data cover the period 2000-2010 for the European Union and its Member States, while some indicators are provided for other countries, such as members of EFTA, candidate countries to the ...

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DIW

"We analyse the relationship between the debt to GDP ratio and real per capita GDP growth for the euro area members by distinguishing between periods of sustainable and non-sustainable debt. Thresholds are theory-based and depend on the macroeconomic framework. If the interest rate exceeds nominal output growth, primary budget surpluses are required to achieve a sustainable debt ratio. The negative impact of the debt to GDP ratio is particularly strong for non sustainable ratios and especially relevant for the euro area. This suggests that the participation in monetary union might entail an additional risk for its members."
"We analyse the relationship between the debt to GDP ratio and real per capita GDP growth for the euro area members by distinguishing between periods of sustainable and non-sustainable debt. Thresholds are theory-based and depend on the macroeconomic framework. If the interest rate exceeds nominal output growth, primary budget surpluses are required to achieve a sustainable debt ratio. The negative impact of the debt to GDP ratio is particularly ...

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Publications Office of the European Union

"This extensive pocketbook on enlargement countries covers the years 2000 to 2010 and contains tables and graphs on demography, education, social conditions and labour force, national accounts, finance and prices, agriculture, energy, industry, construction and services, transport, communications and information society, as well as external trade, research and development and environment. A short commentary on the data and methodological notes are also included. "
"This extensive pocketbook on enlargement countries covers the years 2000 to 2010 and contains tables and graphs on demography, education, social conditions and labour force, national accounts, finance and prices, agriculture, energy, industry, construction and services, transport, communications and information society, as well as external trade, research and development and environment. A short commentary on the data and methodological notes ...

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Intereconomics. Review of European Economic Policy - vol. 46 n° 6 -

Intereconomics. Review of European Economic Policy

"In light of the shortcomings of the Stability and Growth Pact, there has been a recognition that a surveillance framework is needed which goes beyond fiscal issues to cover wider macroeconomic factors. The question arises whether the surveillance and connected reform criteria should be applied symmetrically, to all members of the eurozone, or whether they should specifically target countries with current account deficits."

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