Download or read book EMU Challenges European Labor Markets written by Rüdiger Soltwedel and published by International Monetary Fund. This book was released on 1999-09-01 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses the challenges that European Monetary Union (EMU) poses for European labor markets, emphasizing in particular the regional dimension of the European unemployment problem. The authors argue that the inability of labor markets to adjust to shocks is largely a regional problem within EMU member countries, requiring structural reforms to enhance labor market flexibility but also a decentralization of competencies and greater diversity of labor market outcomes. Any attempt to successfully reform European labor markets and “make them fit for EMU” has to take into account the regional–and even a more decentralized firm–perspective.
Download or read book Emu Challenges European Labor Markets written by Rüdiger Soltwedel and published by . This book was released on 2006 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses the challenges that European Monetary Union (EMU) poses for European labor markets, emphasizing in particular the regional dimension of the European unemployment problem. The authors argue that the inability of labor markets to adjust to shocks is largely a regional problem within EMU member countries, requiring structural reforms to enhance labor market flexibility but also a decentralization of competencies and greater diversity of labor market outcomes. Any attempt to successfully reform European labor markets and quot;make them fit for EMUquot; has to take into account the regional--and even a more decentralized firm--perspective.
Download or read book EMU Facts Challenges and Policies written by OECD and published by OECD Publishing. This book was released on 1999-03-18 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: The launch of the euro reinforces the foundations for unprecedented economic integration encompassing 11 countries, 16 per cent of world GDP and 290 million people. For the first time, the OECD has studied the euro-area as a fully-fledged economic ...
Download or read book The Economic and Business Consequences of the EMU written by Hubert Ooghe and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 441 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Economic and Business Consequences of the EMU A Challenge for Governments, Financial Institutions and Firms Hubert Ooghe Conference Chairman, Vlerick Leuven Gent Management School alld Ghent University EMU finally got under way on 1 st January 1999. Since then 11 European countries share a common currency, the Euro, and pursue a common monetary policy managed by the European Central Bank (ECB). After forty years of economic integration, Euroland has the wherewithal with which to enter the 21 st century. However monetary union has implications for nearly all areas of economic activity and decision-making. Throughout the academic world researchers are fully occupied with the theoretical analysis of the impact of the Euro and the effects of incorporating the new operational framework into their economic models. Businesses and government departments are concerned primarily with the practical implementation of the single currency. For all those who playa part in the economy, it is a question of making the most of the macro and micro economic opportunities offered by the Euro and minimising any threats. On 17th and 18th March 2000, after the EMU and Euro were in operation for one year, an international conference was held in Ghent (Belgium) on the economic consequences of the introduction of the EMU and the Euro for governments, financial institutions and firms.
Download or read book Labour Markets in EMU written by Giuseppe Bertola and published by . This book was released on 2008 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This paper reviews theoretical and empirical aspects of the interaction between Europe's Economic and Monetary Union and recent labour market developments. Policies meant to increase and stabilize labour incomes also tend to reduce employment and productivity, theory suggests that the latter effects should be sharper and more relevant within an integrated market area, making it harder for National policy makers to address the consequences of financial and other market imperfections. Empirical patterns of policy and outcome indicators in member and non-member countries of EMU are consistent with that theoretical mechanism. In the data, tighter economic integration is associated with better employment performance, substantial deregulation, sharper disemployment effects of remaining regulatory differences, and somewhat higher inequality and larger private financial market volume."--Publication information page.
Download or read book EMU and Economic Policy in Europe written by Marco Buti and published by Edward Elgar Publishing. This book was released on 2002-01-01 with total page 520 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explores issues surrounding the European Monetary Union, including the financial impact of the euro, the behavior of monetary and fiscal authorities, and the consequences of EU enlargement.
Download or read book The Design of EMU written by Mr.David K. H. Begg and published by International Monetary Fund. This book was released on 1997-08-01 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pursuit of price stability may, but need not, exacerbate output fluctuations. This paper discusses the monetary strategy of the European Central Bank, the intermediate targets that this should entail, and implications for accountability, transparency, and reputation. Country-specific shocks will remain but output correlation may not reflect the old pattern of core and peripheral countries. The Stability Pact will force some countries to switch off their automatic stabilizers; others, with fewer fiscal problems, can retain them. Output correlations in EMU may reflect a fiscal core and fiscal periphery. Additional labor market flexibility remains the best solution.
Download or read book The Role of Employer Associations and Labour Unions in the EMU written by Gerhard Huemer and published by Routledge. This book was released on 2018-11-07 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1999, this volume recognises that in the course of European integration, national economic policy makers lose some effective policy instruments. Contributors to this omnibus volume analyse the 'room for maneuvering' available to national and EU economic and social policies under the conditions of the Economic and Monetary Union (EMU). They explore the possibilities for European coordination and discuss the tasks of employers’ associations and labour unions on the national and EU level in wage, employment and macroeconomic policies. Section 1 of the book deals with the strengths and weaknesses of the EU in the context of global competition. In spite of national differences, many of the EU member countries share important characteristics. Section 2 addresses the need for and the feasibility of policy coordination in the EMU. With the start of the EMU, wage policy will have to bear the main burden of absorbing asymmetrical economic shocks. The authors from the DIW argue that a wage policy favourable to economic growth, employment and convergence has to be guided by the inflation target set by the European Central Bank (ECB) and by the long-term increase of productivity in individual countries. A precondition for this kind of wage policy is coordination between the main actors of EU economic policy (ECB, EcoFin, social partners).
Download or read book Labor Markets and Social Security written by John T. Addison and published by Springer Science & Business Media. This book was released on 2013-03-09 with total page 406 pages. Available in PDF, EPUB and Kindle. Book excerpt: John T. Addison and Paul J. J. Welfens Because inflation seems moribund in OECD countries, stubborn unemployment became the top policy priority of the 1990s. Unemployment has increased in many countries, reaching critical levels for unskilled and young workers in most continental EU countries. Europe's employment performance has continued to lag that in North America. The U. S. in particular achieved a remarkable combination of low inflation and full employment in the late 1990s, at a time when the EU suf fered from record unemployment rates, even if inflation was remarkably low. Since the 1980s, the consensus view among economists is that structural unem ployment plays a much more important role than cyc1ical unemployment in Europe, but that labour costs (wage costs plus nonwage costs) are also part of Europe's labour market problem. Most EU countries rely on a pay-as-you-go pub lic pension system. Contribution rates gradually increased in the 1980s and 1990s, when the share of young workers in overall employment was dec1ining and life expectancy increasing. Rising nonwage costs from the pension system are but one important feature of labour markets in Europe. Given the remarkable dynamics of labour markets, new entry into the labour force, labour turnover, and changes in employment characteristics, one has to also search for other factors behind sus tained unemployment. High unemployment is critical for EU countries, where one can point to rela tively few positive developments after 1975. The U. K.
Download or read book The Implications of EMU for European Labour Markets written by Gylfi Zoega and published by . This book was released on 1999 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Integration of European Labour Markets written by Ewald Nowotny and published by Edward Elgar Publishing. This book was released on 2009-01-01 with total page 313 pages. Available in PDF, EPUB and Kindle. Book excerpt: This selection of essays widens the scope for discussion on the design of national labour market and migration policies in the enlarged European Union. They provide some new evidence on recent development on labour market outcomes, and thus, contribute to the ongoing political debate on the economic effects of the enlargement of the European Union. . . it was definitely a gain to spend time in reading this volume. Mathias Czaika, Jahrbücher für Nationalökonomie und Statistik Combining both academic and practitioner perspectives, this book provides authoritative insights into the integration of European labour markets against the background of increasing international labour mobility. A wide range of contributions explore, in particular, the effects that labour mobility has had on the earnings and employment situation of individual households, on the effective supply of labour, and on the availability of skills in migrants home and host countries as well as on the size of income support through migrants remittances. Global and European trends and patterns are discussed along with related policy challenges all with a special focus on European migration after EU enlargement and the nexus between labour markets and trade integration. This book will be an invaluable source of information for economists and other economic policy and European integration experts from central, commercial and investment banks, governments, international organizations, universities and research institutes alike.
Download or read book EMU One Year on written by OECD and published by OECD Publishing. This book was released on 2000-03-29 with total page 181 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study assesses economic developments and policies during the inaugural year of Europe's single currency regime. It analyses the economic performance and prospects of the euro area as a whole, and highlights to what extent aggregate trends are shaped by convergence or divergence.
Download or read book EMU written by David Begg and published by Wiley-Blackwell. This book was released on 1998-06-08 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written prior to adoption of the Euro, this volume explores the likely impact of monetary union. Some of the best European and American economists use available theories and data, including historical evidence, to look at the operation of monetary and fiscal policy, at the effects of shocks and at the international role of the euro. This book serves as the reference for understanding the early challenges of EMU. Includes the views of top economists from Europe and around the world. Presents vital information in a non-technical language. Contains penetrating discussions by a distinguished panel of experts.
Download or read book Labor and an Integrated Europe written by Lloyd Ulman and published by Brookings Institution Press. This book was released on 2010-12-01 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the European Community moves toward full integration of its members' economies, one of the most far-reaching changes will be in the European labor market. Nontariff barriers to trade between the member countries will be removed, and workers will become free to seek employment anywhere in the Community. As these changes take place, individual markets stand to lose their national identities while workers and employers face profound challenges. In this book, a group of leading labor economists and social scientists address an array of concerns about economic integration and provide insight into labor's likely response. They identify the challenges of the Single Market Program and explore the implications of western European integration for European industrial relations, European labor mobility, and economies and labor markets in the rest of the world. The contributors assess the impact of economic unification on European trade unions, wage-bargaining, work rules, training programs, and benefits. They draw on U.S. experiences in the centralization and more recent decentralization of the work force, consider the German system of industrial relations as a model for power sharing between workers and managers, and explore current efforts of labor market restructuring and privatization in central and eastern Europe. They address such questions as: Will pension and health insurance arrangements constrain worker mobility? Will cross-country wage differences within the EC narrow? And will exchange rates and monetary unification exacerbate unemployment problems? They also examine the impact of unification on immigration policy, capital markets, and trade. Labor and an Integrated Europe provides a much needed background for developing a coherent plan that deals with these crucial labor issues.
Download or read book Unions Central Banks and EMU written by Bob Hancké and published by OUP Oxford. This book was released on 2013-04-25 with total page 147 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the crisis of EMU through the lenses of comparative political economy. It retraces the development of wage-setting systems in the core and peripheral EMU member states, and how these contributed to the increasing divergence between creditor and debtor states in the late 2000s. Starting with the construction of the Deutschmark bloc, through the Maastricht process of the 1990s, and into the first decade of EMU, this book analyzes how labour unions and wage determination systems adjusted in response to monetary integration and, in turn, influenced the shape that monetary union would eventually take. Before the introduction of the Euro, labour unions were disciplined by central banks and governments, after social conflict in the north of the continent and with the use of social pacts in the others. Since controlling inflation had become the main goal of macro-economic policy, national central banks acted as a backstop to keep militant unions and profligate governments under control. Public sector wages thus were subordinated to manufacturing wages, a set-up policed by export sector unions, aided by the central bank. With the introduction of the single currency, the European Central Bank replaced the national central banks and, as a result, their capacity to control labour unions disappeared. The strong links between wages in the public sector unions and wages in the manufacturing export sector weakened dramatically in many countries, wage inflation re-emerged, and the stage was set for the current account divergences at the basis of the crisis of EMU.
Download or read book The Pros and Cons of EMU written by David A. Currie and published by . This book was released on 1997 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Social Pacts Unemployment and EMU Macroeconomic Policy written by Andrew Martin and published by . This book was released on 2000 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
