Designing a European unemployment insurance scheme
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With disparities in national unemployment rates reaching record levels, the debate on fi scal stabilisers in Europe has gained new momentum. Can a European unemployment insurance scheme help to absorb asymmetric shocks and bring about the desired level of macroeconomic stabilisation? What should such an unemployment benefi t system look like? The contributions to this Forum explore the benefi ts expected from a European unemployment insurance scheme and discuss the diffi culties in establishing such a policy.
KeywordsEuro Area Unemployment Insurance Monetary Union Shock Absorber Labour Market Institution
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