English, Article, Journal or magazine article edition: Structural Unemployment in Denmark Agnete Gersing

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Bookmark: http://trove.nla.gov.au/version/137189
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  • preprint
Language
  • English

Edition details

Title
  • Structural Unemployment in Denmark
Author
  • Agnete Gersing
Physical Description
  • preprint
Notes
  • The paper gives a broad discussion of structural unemployment seen from a Danish perspective. In the Danish Ministry of Finance the level of structural unemployment is estimated using two indicators - NAIRU and ITRU. The two indicators basically reflect variations in unemployment and inflation as measured by the GDP-deflator and are computed using historical simulations with the national macro-econometric model ADAM. The uncertainty related to estimates of the level of structural unemployment calls for a great deal of caution when using such estimates in the framing of economic policy. Estimates of structural unemployment can nevertheless be useful when making forecasts of inflation and assessing the appropriate fiscal stance and - not least - when assessing the effectiveness of labour market policies and the possible need for changes. For the purpose of policy-making it is useful to make clear to what extent structural unemployment can be ascribed to “employability” problems of ... Cet article présente une discussion générale de la question du chômage structurel selon une perspective danoise. Au Ministère des finances du Danemark, le niveau de chômage structurel est mesuré à partir de deux indicateurs : le NAIRU et l’ITRU. Ces deux indicateurs, qui reflètent les liens existant entre le chômage et l’inflation - mesurée par le déflateur du PIB - sont estimés à partir de simulations effectuées sur période historique avec le modèle macro-économique national ADAM. Les incertitudes inhérentes aux estimations du niveau du chômage structurel imposent une très grande prudence lors de l’utilisation de telles estimations pour la définition de la politique économique. Ces estimations du chômage structurel peuvent néanmoins être utiles pour effectuer des prévisions d’inflation, évaluer l’orientation appropriée de la politique budgétaire et, surtout, pour analyser le degré d’efficacité des politiques du marché du travail afin, si nécessaire, de les modifier. Il est ...
  • RePEc:oec:ecoaaa:183-en
Language
  • English
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