Causes of the 1980s Slump in Europe

macroeconomics, slump, unemployment, Europe, EEC, macroeconomic theory

Croissance et chômage.

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An economists' manifesto on unemployment in the European Union.

This manifesto challenges a pernicious orthodoxy that has gripped Europe's policy makers. It is that demand- and supply-side policies must have different aims, that a limited number of supply-side policies are to be devoted to fighting unemployment, and that demand management (and particularly monetary policy) is are to be devoted solely to fighting inflation. The prevailing orthodoxy also claims that the choice of policy instruments for combating unemployment is a political decision, in which each instrument is evaluated on a case-by-case basis. In what follows, we outline various practical proposals aimed at a prompt reduction of unemployment. We are confident that if the advice is given proper attention by governments and monetary authorities, unemployment can be reduced significantly in a matter of a few years. We will divide the proposed actions into those bearing on the revival of aggregate demand (demand policies) and those addressed to the reform of the labour and product markets and the system of benefits for the unemployed (supply policies). But we stress from the very beginning that we regard our proposals as strictly complementary with one another. Each proposal, applied in isolation, may produce little or even perverse effects, while the simultaneous application can be counted upon to yield the desired outcome. This holds in particular with respect to the relation between demand and supply policies. The underlying idea is that it is much easier to encourage people to look for jobs if there are jobs to be found and it is much easier to encourage firms to offer more jobs if there are people looking for jobs.Beschäftigungspolitik; Arbeitslosigkeit; EU-Staaten;

The Search for Supernova-produced Radionuclides in Terrestrial Deep-sea Archives

An enhanced concentration of 60Fe was found in a deep ocean's crust in 2004 in a layer corresponding to an age of ~2 Myr. The confirmation of this signal in terrestrial archives as supernova-induced and detection of other supernova-produced radionuclides is of great interest. We have identified two suitable marine sediment cores from the South Australian Basin and estimated the intensity of a possible signal of the supernova-produced radionuclides 26Al, 53Mn, 60Fe and the pure r-process element 244Pu in these cores. A finding of these radionuclides in a sediment core might allow to improve the time resolution of the signal and thus to link the signal to a supernova event in the solar vicinity ~2 Myr ago. Furthermore, it gives an insight on nucleosynthesis scenarios in massive stars, the condensation into dust grains and transport mechanisms from the supernova shell into the solar system

The political economy of the Jospin government

This article explores the political economy of the French Socialist Party (PS), beginning with the neo-liberal U-turn of 1983. It then charts the re-evaluation of the PS's political economic foundations after the 1993 defeat, the rejection of the neo-liberal 'pensée unique', and the rehabilitation of a broadly Keynesian frame of reference. The article goes on to explore how this shift has fed through into the Jospin government's policy and positions at both the national and international level. It explores aspirations to reinvent the EU as a Keynesian social democratic 'policy space', and at the national level, employment, macroeconomic, and structural policies

Beyond the Short Term A Study of Past Productivity’s Trends and an Evaluation of Future Ones

This is the second report to be issued by a group of international economists brought together under the auspices of LUISS. LIGEP stands for LUISS International Group on Economic Policy. Its mandate was to consider problems of economic policy in the aftermath of the Global Crisis in the World, Europe and Italy

Neutron stars from young nearby associations the origin of RXJ1605.3+3249

Many neutron stars (NSs) and runaway stars apparently come from the same regions on the sky. This suggests that they share the same birth places, namely associations and clusters of young massive stars. To identify NS birth places, we attempt to and NS-runaway pairs that could be former companions that were disrupted in a supernova (SN). The remains of recent (<few Myr) nearby (< 150 pc) SNe should still be identifiable by observing the emission of rare radioisotopes such as 26Al and 60Fe that can also be used as additional indicators to confirm a possible SN event. We investigated the origin of the isolated NS RXJ1605.3+3249 and found that it was probably born ~100 pc far from Earth 0.45 Myr ago in the extended Corona-Australis or Octans associations, or in Sco OB4 ~1 kpc 3.5 Myr ago. A SN in Octans is supported by the identification of one to two possible former companions the runaway stars HIP 68228 and HIP 89394, as well as the appearance of a feature in the gamma ray emission from 26Al decay at the predicted SN place. Both, the progenitor masses estimated by comparison with theoretical 26Al yields as well as derived from the life time of the progenitor star, are found to be ~11MSun.Comment: accepted for publication in PASA, special volume Astronomy with Radioactivities; 10 pages, 4 figures, 5 table

Pupillary Responses to Static Images of Men and Women: A Possible Measure of Sexual Interest?

The pupil dilates to images that are arousing. In Experiment 1, we examined if the pupil’s response to brief presentations (2,000 ms) of static images could be used to identify individuals’ sexual orientation. Participants were grouped according to their self-reported gender and sexual orientation (male heterosexual, N = 20; male bisexual, N = 13; male homosexual, N = 19; female heterosexual, N = 28; female bisexual, N = 21; female homosexual, N = 17). Pupil size was monitored to images of men in seminude poses, women in seminude poses, or neutral images. Every group showed the same pattern of responses, with the greatest dilation to male images, then female images, and least dilation to the neutral images. Experiment 2 used more tightly controlled stimuli and tested at two different image durations (150 and 3,000 ms). Both heterosexual men (N = 18) and women (N = 20) showed greater pupil dilation to images of nude men than to nude women. However, in Experiment 3, where we reduced the erotic content by using images of clothed models, both heterosexual men and women showed greater pupil dilation to images of women. The results showed that while the pupil does dilate strongly to sexual imagery, its response to these brief static images does not correspond to a person’s sexual orientation in a simple manne