Jimeno, Juan F; Viñals, José - C.E.P.R. Discussion Papers - 1996
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 … degree of real wage rigidity across EU countries. We then discuss various factors which, in principle, may contribute towards …