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EMU calls for comprehensive labour market reform

Abstract

The debate about European monetary union has so far been dominated by questions of fiscal convergence, the adequate conversion exchange rate and the stability of the Euro. Relatively little attention has been given to the labour market effects although labour market performance will be crucial for the long-term success or failure of EMU. The following article deals with the interrelationship between EMU and labour market flexibility in Euroland.

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Dohse, D., Krieger-Boden, C. & Soltwedel, R. EMU calls for comprehensive labour market reform. Intereconomics 34, 55–63 (1999). https://doi.org/10.1007/BF02927836

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Keywords

  • Labour Market
  • Exchange Rate
  • Real Exchange Rate
  • European Monetary Union
  • Nominal Exchange Rate