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Flexibility is out: now we see rigidity’s virtues. CEPS Commentaries, 23 February 2009

Grauwe, Paul De. (2009) Flexibility is out: now we see rigidity’s virtues. CEPS Commentaries, 23 February 2009. [Policy Paper]

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    Abstract

    In this thought-provoking commentary, CEPS Associate Fellow Paul De Grauwe explains why, contrary to conventional wisdom, rigidities in wages, employment and social security may enable countries to better deal with the debt deflation dynamics brough about by the crisis.

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    Item Type: Policy Paper
    Uncontrolled Keywords: Wages; social security.
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > social policy > welfare state
    EU policies and themes > Policies & related activities > employment/labour market > employment/unemployment
    EU policies and themes > Policies & related activities > economic and financial affairs > financial crisis 2008-on and consequences/reforms
    Subjects for EU documents: UNSPECIFIED
    EU Series: UNSPECIFIED
    ["eprint_fieldname_eusries" not defined]: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > CEPS Commentaries
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 02 Jun 2009
    Page Range: p. 2
    Last Modified: 15 Feb 2011 18:12
    URI: http://aei.pitt.edu/id/eprint/11095

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