This week saw the final agreement on the new EU Economic Governance package.
The overview is here.
The details are here.
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Box 1.1 in the European REO covers labour market institutions. Relative to most European countries, Ireland comes across as having good labour market institutions. The box highlights one exception – the high unemployment benefit replacement rate for long-term unemployed. Note: the figure is based in 2008-2009 data and takes the average of net replacement rates over 60 months of unemployment for four family types and two earning levels (67 percent and 100 percent of average worker earnings), including social assistance. The box notes that Ireland’s replacement rate is relatively low at one-year duration but benefits are stable over time, making them higher than average over a fiver-year period.
The Infiniti conference has become a staple on the conference circuit in international finance because of the breadth of papers presented and the high quality of speakers it attracts, and the 2012 conference will be no different. Next year’s guest speakers will be Carmen Reinhart and Iftekhar Hasan.
The IMF has released its European REO – it is available here.
This new report from the ECB provides an analysis of the links between market structures and regulations in the distribution sector and the overall price level.