The labour market and the Euro

Pissarides, ChristopherORCID logo (2008) The labour market and the Euro. Cyprus Economic Policy Review, 2 (1). pp. 3-9. ISSN 1450-4561
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This paper investigates the reasons that the labour market is given so much prominence in discussions about the euro. It concludes that differences in labour market flexibility across countries can have the same impact as asymmetric shocks and so warrant different monetary policies. The paper further discusses the role of welfare policy and migration in European integration.
Item Type Article
Keywords Cyprus euro,labour market flexibility,social protection,migration
Departments Economics
Centre for Economic Performance
Date Deposited 06 Apr 2011 12:47
URI https://researchonline.lse.ac.uk/id/eprint/33910

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