The prolonged economic crisis since 2008 has drastically reduced incomes and employment levels and the promised recovery will not reabsorb unemployment, particularly in Europe. Nevertheless, economic policy in Europe is sticking to past recipes based on two mainstays: fiscal austerity and labour flexibility. This strategy does increase the short-run cost competitiveness of European firms overseas […]
Paolo Pini and Davide Antonioli
Paolo Pini is Professor of Economics at the University of Ferrara and member of the Scientific Committee of the Italian Economic Association (SIE). Davide Antonioli is an economist at the University of Ferrara.