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 |
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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/reforms/economic governance |
Subjects for EU documents: | UNSPECIFIED |
EU Series and Periodicals: | 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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