Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
Unemployment, Labour-Market Reform and Monetary Union
Stockholm University, Faculty of Social Sciences, Institute for International Economic Studies.
1998 (English)Report (Other academic)
Abstract [en]

The paper analyses various mechanism through which monetary union in Europe may affect unemployment. The focus is on the political incentives for labour-market reform. There will be more reform outside than inside the EMU to the extent that a national inflation bias can be reduced. But if there is a precautionary motive for low average unemployment in order to reduce the utility cost of macroeconomic variability, there could be more reform in a monetary union. Labour-market reform to increase wage fexibility as a substitute for domestic monetary policy and transition costs of reform are also analysed. The net effect of monetary union on unemployment is ambiguous.

Place, publisher, year, edition, pages
Stockholm: IIES , 1998. , 35 p.
Series
Seminar Paper / Institute for International Economic Studies, Stockholm University, ISSN 0347-8769 ; 639
Keyword [en]
monetary union, labour-market reform, equilibrium unemployment, discretionary monetary policy, asymmetric shocks
National Category
Economics
Identifiers
URN: urn:nbn:se:su:diva-41006OAI: oai:DiVA.org:su-41006DiVA: diva2:327714
Available from: 2010-06-30 Created: 2010-06-30 Last updated: 2010-07-02Bibliographically approved

Open Access in DiVA

fulltext(147 kB)821 downloads
File information
File name FULLTEXT01.pdfFile size 147 kBChecksum SHA-512
50523c8a5444bbfe24b0edaaa7a685e774c2f7bc94383b747056449ca1b16e01a8b36c5d302d5c2f5e280448d1f57b7069d063c8f72e1e589c093921a3314e87
Type fulltextMimetype application/pdf

Search in DiVA

By author/editor
Calmfors, Lars
By organisation
Institute for International Economic Studies
Economics

Search outside of DiVA

GoogleGoogle Scholar
Total: 821 downloads
The number of downloads is the sum of all downloads of full texts. It may include eg previous versions that are now no longer available

urn-nbn

Altmetric score

urn-nbn
Total: 61 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf