| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1518 |
| DP1518 A Stochastic Dynamic General Equilibrium Model for Greece | |
| Tryphon Kollintzas; Vanghelis Vassilatos | |
| 发表日期 | 1996-11-30 |
| 出版年 | 1996 |
| 语种 | 英语 |
| 摘要 | In this paper we analyse the likely effects of Economic and Monetary Union (EMU) on European unemployment. We start by describing the current unemployment situation in the European Union (EU). In so doing, we try to assess the relative importance of European, national and regional shocks in driving national and regional unemployment rates, and also to estimate the degree of real wage rigidity across EU countries. We then discuss various factors which, in principle, may contribute towards explaining the high and persistent EU unemployment rates, focusing on several labour market institutions like collective bargaining, job security legislation and unemployment benefits. The final part of the paper analyses, in light of the above evidence, the likely impact of EMU on European unemployment in the short and medium term. We conclude that while the presently high European unemployment rates should not preclude EMU from being established, the operation of the monetary union will be smoother and its net economic benefits larger if Member countries succeed in implementing those structural labour market reforms which are needed for unemployment to go to lower, more reasonable rates. |
| 主题 | International Macroeconomics |
| 关键词 | Labour market institutions Monetary union Structural reforms Unemployment |
| URL | https://cepr.org/publications/dp1518 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530657 |
| 推荐引用方式 GB/T 7714 | Tryphon Kollintzas,Vanghelis Vassilatos. DP1518 A Stochastic Dynamic General Equilibrium Model for Greece. 1996. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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