A Feasible Unemployment-Based Shock Absorber for the Euro Area
نویسندگان
چکیده
منابع مشابه
Migration , Unemployment and the Business Cycle - A Euro Area Perspective
In the recent European debt crisis, internal migration flows in the euro area reacted strongly to diverging labor market conditions. This experience points towards the prominent role of short-term business cycle migration in the euro area and the consequent need to understand the motives behind it. We start by an empirical investigation of the business cycle in 59 bilateral migration corridors ...
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The divergences developed within the euro area represent the main threat to the existence of the single currency and to the stability of the EU as a whole. Without proper automatic stabilisers, a monetary union can only deliver suboptimal results and may not even be sustainable. In the recent years, common unemployment insurance has been examined as one of the possible ways to improve the funct...
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ژورنال
عنوان ژورنال: JCMS: Journal of Common Market Studies
سال: 2016
ISSN: 0021-9886
DOI: 10.1111/jcms.12398