LABOUR MOBILITY AS AN ADJUSTMENT MECHANISM IN THE EURO AREA
Journal Title: CES Working Papers - Year 2011, Vol 3, Issue 4
Abstract
The aim of this paper is to assess the capacity of labour mobility in the euro area to act as an adjustment mechanism in the event of an asymmetric shock. According to the optimum currency area theory, labour mobility has been emphasized as one of the main adjustment mechanism. Given the present situation, where there are major concerns about the future of the euro area, it is necessary to study if the mechanism for stability works and if it can be improved. Considering the difficulty of quantifying the labour mobility, we have analyzed the net migration and the regulations regarding labour market. The empirical evidence shows that labour mobility does not act as a sufficient adjustment mechanism.
Authors and Affiliations
Cristina Puiu
Keywords
Related Articles
- EP ID EP134965
- DOI -
- Views 105
- Downloads 0
THE EMERGENCE OF THE EUROPEAN COUNTERFEIT MARKETS
The European market of counterfeit goods has become a subject of increasing concern for businesses, private firms and policymakers. With a growing demand in consumption for this kind of goods, each sector is damaged from...
THE IDENTIFICATION OF INFLATION RATE DETERMINANTS IN THE USA USING THE STOCHASTIC SEARCH VARIABLE SELECTION
Inflation rate determinants for the USA have been analyzed in this study starting with 2008, when the American economy was already in crisis. This research brings, as a novelty, the use of Bayesian Econometrics methods t...
Vaslui county in the national context: evolution and effects of mobility of the working age population
The following paper shows the transition from internal to external migration and places Vaslui County into a spatial and time frame from the perspective of population mobility. Moreover, the consequences of the downgradi...
MERGERS - SUCCESS OR FAILURE?
Mergers are transactions of great importance, not only for organizations involved, but for many stakeholders. Success or failure of such enterprises may have consequences enormous for the shareholders of an organization,...
EURO UNDER CROSSFIRE. WILL THE EUROPEAN MONETARY UNION SURVIVE?
The creation of the European Monetary Union was both a political and an economic decision considered to be a success for almost a decade. Starting from 2008-2009, the EMU has been facing the most difficult moments of its...