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Asymmetries in European Labour Markets and Monetary Policy in Euroland. ENEPRI Occasional Paper No. 1, September 2003

Gros, Daniel and Hefeker, Carsten. (2003) Asymmetries in European Labour Markets and Monetary Policy in Euroland. ENEPRI Occasional Paper No. 1, September 2003. UNSPECIFIED.

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    Abstract

    [From the Introduction]. The present paper addresses some of the key issues the ECB would have to address to make the best of this combination of asymmetric labour markets and a common monetary policy. Research on these issues is widely scattered because both labour market and monetary policy specialists mainly just look at their own field. Hence, one purpose of this paper is to bring together two strands of the literature. The preliminary results suggest that the ECB may be well advised to reconsider its decision-making process. Further, since these asymmetries would pose less of a problem if labour markets were flexible and adapted more or less smoothly to changes in the economic environment, it is also important to analyse how far the attempts to liberalise European labour markets have progressed.

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    Item Type: Other
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > employment/labour market > labour/labor
    EU policies and themes > Policies & related activities > economic and financial affairs > monetary policy
    EU policies and themes > EU institutions & developments > European Central Bank
    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) > ENEPRI Occasional Papers
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 14 Oct 2004
    Page Range: p. 52
    Last Modified: 15 Feb 2011 17:20
    URI: http://aei.pitt.edu/id/eprint/1842

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