Starting this week the Florin Citu Advisory reports will be available in English also. In the current issue of Economia 5.11.2012 we look at the unemployment numbers and ask the question: is this level structural?
The answer to the question is important as it requires different policy responses. If the current level is not structural and only reflects a low aggregate demand than policy makers have some tools to implement immediately. However, if the current unemployment level is structural thnn the path ahead is tougher and costlier in terms of short term output and votes.
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Florin Citu is the founder of FLORIN CITU ADVISORY , an independent economic research and consulting firm. . more details will be available in English on our page soon site-ul firmei.