Belke, Ansgar; Gros, Daniel - In: The World Economy 25 (2002) 6, pp. 789-813
-negligible, impact on labour markets in Euroland. Unemployment tends to increase and employment growth tends to fall whenever the … seems to be operating, but it is statistically less strong, especially concerning employment growth, which seems largely … insulated from exchange rate variability. These results fit the general observation that US labour markets are more flexible and …