Adjustment in the Eurozone: Can reforms help?

Gilles Mourre, Alessandro Turrini, 20 November 2010

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Since the first debates on the European Economic and Monetary Union decades ago, the major challenge for the countries involved has been to adjust to asymmetric shocks without a flexible nominal exchange rate (Gros 2010).

Topics: EU policies, Europe's nations and regions, Labour markets
Tags: Eurozone crisis, Greece, Ireland, Italy, labour market reforms, Portugal, Spain

The beneficial international spillovers of labour market reforms

Gabriel Felbermayr, Mario Larch, Wolfgang Lechthaler, 1 May 2010

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In an interview with the Financial Times (March 16, 2010) France’s finance minister Christine Lagarde suggested that Germany is hurting its European partners by “putting very high pressure on its labour costs”. Her insinuation has sparked a vivid policy debate.

Topics: Europe's nations and regions, Labour markets
Tags: Germany, labour market reforms, spillover effects

Assessing the recent labour market agreement in France

Gilles Saint-Paul, 1 February 2008

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In my view, the recent agreement between employers and unions on labour market reforms is globally positive.

Topics: Labour markets
Tags: benefit system, France, labour market reforms, temporary contracts, turnover costs, unemployment

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