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Albert Pierres Tejada on Muck Rack

Albert Pierres Tejada

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Articles

Incentive-compatible unemployment reinsurance for the euro area

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By Alexander Karaivanov, Benoit Mojon, Albert Pierres Tejada, Robert Townsend
| BISness
Focus The euro area sovereign debt crisis brought back the debate on establishing additional fiscal instruments for the euro area. A centralized European unemployment benefits scheme has been one of the solutions proposed to strengthen the automatic fiscal stabilizers of the European Monetary Union. Existing proposals to set up a euro area unemployment reinsurance mechanism aim at exploiting the observed asymmetries in the cyclical fluctuations of unemployment rates of euro area member countries.
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