Search results for: Ansgar Belke
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Estimating the costs and benefits of EMU: The impact of external shocks on labour markets
Review of World Economics > 1999 > 135 > 1 > 1-47
Estimating the Costs and Benefits of EMU: The Impact of External Shocks on Labour Markets. — Discussions of costs and benefits of EMU usually rely on the optimum currency area approach: when external shocks hit the economy, it is easier to adjust the exchange rate than domestic prices or wages. We find that external shocks have little impact on unemployment, but are more important to manufacturing...
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