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The Labour Market and the Euro

Author

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  • Christopher A. Pissarides

    (London School of Economics)

Abstract

This paper investigates the reasons that the labour market is given so much prominence in discussions about the euro. It concludes that differences in labour market flexibility across countries can have the same impact as asymmetric shocks and so warrant different monetary policies. The paper further discusses the role of welfare policy and migration in European integration.

Suggested Citation

  • Christopher A. Pissarides, 2008. "The Labour Market and the Euro," Cyprus Economic Policy Review, University of Cyprus, Economics Research Centre, vol. 2(1), pages 3-9, June.
    • Handle: RePEc:erc:cypepr:v:2:y:2008:i:1:p:3-9
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    File URL: https://www.ucy.ac.cy/erc/documents/Full%20text_Pissarides.pdf
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    References listed on IDEAS

    as
    1. L. Rachel Ngai & Christopher A. Pissarides, 2008. "Employment Outcomes in the Welfare State," Revue économique, Presses de Sciences-Po, vol. 59(3), pages 413-436.
    2. Esping-Andersen, Gosta, 1999. "Social Foundations of Postindustrial Economies," OUP Catalogue, Oxford University Press, number 9780198742005, Decembrie.
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    Cited by:

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    2. Jean Messiha & Bruno-Laurent Moschetto & Frederic Teulon, 2014. "How to switch off the cypriot financial crisis without weakening durably Europe ?," Working Papers 2014-169, Department of Research, Ipag Business School.

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