Euro Area Policies

Know about the book -

Euro Area Policies is written by International Monetary Fund. European Dept. and published by International Monetary Fund. It's available with International Standard Book Number or ISBN identification 1498360750 (ISBN 10) and 9781498360753 (ISBN 13).

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 and country specific, focusing on reviving growth and implementing structural reforms.