6 Explanations of the micro results In interpreting this evidence, it is useful to begin with the observation that low pass-through to import prices is not a prerequisite for low pass-through to consumer prices.
This means that authorities must search for the right balance between expenditure on passive labour market measures, such as income support and early retirement, and expenditure on active labour market measures, such as training or startup incentives – for most EU countries, passive measures absorb more resources than active measures.