Die EWU - Beschäftigungsmotor oder Beschäftigungsrisiko?
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AbstractThe current paper deals with the labour market effects of European Monetary Union (EMU). We compare the EU-memberstates’ susceptibility to asymmetric shocks and their labour market flexibility under status quo conditions. The findings are related to the question which countries are - from a labour market point of view - fit for EMU and which countries should not join EMU from the start.We then consider different policy scenarios and develop an institutional framework suitable to make EMU a labour market success. Special emphasis is given to the optimal interplay between the relevant agents, i.e. the EU-Commission, national governments, employers and trade unions.
2010 ◽
Vol 12
(1)
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pp. 81-103
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1988 ◽
Vol 2
(3)
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pp. 281-316
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