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Tag Archives: Unemployment

Artificial intelligence’s great impact on low and middle-skilled jobs

Artificial intelligence and machine learning will significantly transform low-skilled jobs that have not yet been negatively affected by past technological change. The academic literature suggests that, in the past decades, technological progress has led to job polarisation in European Union countries. While computer technologies and robots have replaced, to some extent, routine middle-skilled jobs such as machine operation, construction work or administrative work, they have also led to an...

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Reading tea leaves from China’s two sessions: Large monetary and fiscal stimulus and still no growth guarantee

The announcement of a large stimulus without a growth target indicates that China’s recovery is far from complete. It was hard to think of a more important gathering than last week’s ‘Two Sessions’, during which Chinese political leaders were to guide all of us as to the way ahead for the Chinese economy. While this yearly event is always important, this year’s was crucial. 2020 marks the end of two key cycles of economic planning: the current Five-Year Plan, and the end of the 10-year period...

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The European Union’s SURE plan to safeguard employment: a small step forward

The new EU instrument to mitigate unemployment risks during an emergency (SURE) is too modest to have a significant impact the COVID-19 crisis beyond being a first step in the overall recovery plan. By: Grégory Claeys Date: May 20, 2020 Topic: European Macroeconomics & Governance The European Union’s new instrument, the so-called temporary Support to mitigate Unemployment Risks in an Emergency (SURE), will provide temporary support of up to €100 billion in loans to EU...

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The impact of job loss on political ideology

Do citizens alter their political ideology when they lose their job? Drawing on data from the Netherlands, Dingeman Wiertz and Toni Rodon find that – if anything – people revise their ideology to the left upon becoming unemployed. What happens to citizens’ political preferences when they are confronted with economic hardship? This longstanding question has recently attracted renewed attention in the wake of the Great Recession. Nonetheless, many matters remain unresolved. For example, which...

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A strategic agenda for the new EU leadership

Memo to the presidents of the European Commission, Council and Parliament. 'A strategic agenda for the new EU leadership' by Maria Demertzis, André Sapir and Guntram Wolff is the first of our 2019 Bruegel memos to the new presidents of the European Commission, Council and Parliament. Focusing on the most important economic questions at EU level, these Bruegel memos are intended to be a strategic to-do list, outlining the state of affairs that will greet the new Commission. The next...

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Universal basic income and the Finnish experiment

The preliminary results on the Universal Basic Income (UBI) experiment in Finland, and what they mean for the long-standing questions over the potential impact of UBI in developed countries. By: Catarina Midoes Date: February 18, 2019 Topic: European Macroeconomics & Governance “How can sufficient goods be available when anyone can withdraw from work – when people are no longer motivated by the need to earn their own living,...

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Economic policy challenges in Southern and Eastern Mediterranean

For a long time, southern and eastern Mediterranean countries struggled with serious socio-economic challenges and dysfunctional economic systems and policies. Marek Dabrowski reviews the challenges the region has to face to get out of a low growth trap. For a long time, southern and eastern Mediterranean countries (henceforth SEMC)[1] struggled with serious socio-economic challenges and dysfunctional economic systems and policies. In the 2010s their macroeconomic performance further...

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Youth unemployment: Common problem, different solutions?

Youth unemployment is a major obstacle to the Middle East and North Africa (MENA) region’s human and economic development. In this blog post, Uri Dadush and Maria Demertzis go into the factors behind the its surge. The Middle East and North Africa (MENA) region has some of the highest total and youth unemployment rates in the world, especially among women. Youth unemployment is especially worrisome because when it is so high, it can have lasting effects on lifetime employability through...

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Beyond coal: facilitating the transition in Europe

Europe has a dirty energy secret: coal is producing a quarter of the electricity, but three-quarters of the emissions. The EU should propose that its member countries speedily phase out coal and put in place a scheme to guarantee the social welfare of coal miners who stand to lose their jobs, making a better use of the European Globalisation Adjustment Fund (EGF) The issue The European Union energy system is becoming greener and more efficient, but its most polluting component –...

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Has the Phillips curve disappeared?

The Phillips curve prescribes a negative trade-off between inflation and unemployment. Economists have been recently debating on whether the curve has disappeared in the US and Europe. We report some of the most recent views. The Economist argues that the Phillips curve may be broken for good, showing a chart of average inflation and cyclical unemployment for advanced economies, which has flattened over time (Figure 1). The Economist also refers to a recent paper by three economists at...

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