| Description |
1 online resource (115 pages) : illustrations, tables. |
| Physical Medium |
polychrome |
| Description |
text file |
| Series |
IMF Staff Country Report ; 14/199
|
|
IMF staff country report ; 14/199.
|
| Bibliography |
Includes bibliographical references. |
| Contents |
Cover; CONTENTS; YOUTH UNEMPLOYMENT IN EUROPE: OKUN'S LAW AND BEYOND; A. Context; B. Stylized Facts; C. Determinants; D. The Business Cycle; BOXES; 1. SMEs. The Role of Financing Constraints and Youth Unemployment; E. Labor Market Features; F. Conclusions and Policy Recommendations; 2. A Historical Perspective on Growth and Youth Unemployment; REFERENCES; ANNEXES; 1. Data Definitions; 2. Methodology; INVESTMENT IN THE EURO AREA: WHY HAS IT BEEN WEAK?; A. Investment in the Euro Area: Post-crisis Trends; B. Drivers of Investment: Output Changes versus Other Factors; C. Conclusions; REFERENCES. |
|
APPENDICES1. Data; 2. Results of the Accelerator Model; 3. Results of the Neoclassical Model; 4. Results of the Bond Market Model; CAPITAL MARKET DEVELOPMENT: SME FINANCING IN THE EURO AREA; A. Background; B. Rationale for Securitization of SME Loans; BOXES; 1. Overview of the European Securitization Market; FIGURE; 1. Securitization in Europe; C. Impediments to SME Securitization Markets; 2. Regulatory Hurdles; D. Relative Performance; E. Lessons from Previous SME Support Programs; F. Recent Efforts; G. Suggested Measures to Facilitate the Development of SME Securitization; H. Conclusion. |
|
4. The Sectoral Composition of the Current Account in Debtor Economies5. The Sectoral Composition of the Current Account in Other Debtor Economies; 6. The Composition of Net Capital Inflows by Euro Area Economy Group; 7. The Composition of Net Foreign Assets by Euro Area Economy Group; C. Model-based Saving and Investment Imbalances in the Euro Area; 8. Model-Implied Investment and Saving Residuals and the EBA Assessment of Current Account Imblances; BOX; 1. A Model-based Analysis of National Saving and Investment Behavior; D. Good and Bad Ways to Achieve External Rebalancing. |
|
E. Concluding RemarksTABLES; 1. Net Foreign Assets and Current Accounts in the Euro Area Economies; 2. Average Real Return Difference between Foreign Assets and Liabilities, Euro Area Economies 1999-2012; 3. Regression Results for Investment Model; 4. Regression Results for Saving Model; 5. A Desired Rebalancing Scenario; 6. A "Bad" Rebalancing Scenario; A1. Data Sources and Estimation Sample for the Saving and Investment Regressions; REFERENCES; FISCAL GOVERNANCE IN THE EURO AREA: PROGRESS AND CHALLENGES; A. The Setting: Public Debt on an Upward Trend; TABLE. |
| 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 a. |
| Local Note |
eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America |
| Subject |
European Union countries -- Commercial policy.
|
|
European Union countries. |
|
Commercial policy. |
|
European Union countries -- Economic conditions.
|
|
Economic conditions. |
|
European Union countries -- Economic policy.
|
|
Economic policy. |
| Genre/Form |
Electronic books.
|
| Other Form: |
Print version: Euro area policies : 2014 article iv consultation selected issues. Washington, District of Columbia : International Monetary Fund, ©2014 113 pages IMF staff country report ; 14/199 9781498308007 |
| ISBN |
9781498356077 (electronic book) |
|
1498356079 (electronic book) |
|
9781498308007 |
|
