Abstract The current paper deals with the labour market effects of European Monetary Union (EMU). We compare the EU-memberstates’ susceptibility to asymmetric shocks and their labour market flexibility under status quo conditions. The findings are related to the question which countries are -...

<sc>Krieger-Boden C.</sc> and <sc>Soltwedel R.</sc> Identifying European economic integration and globalization: a review of concepts and measures, <italic>Regional Studies</italic>. Processes of regional economic integration such as the European integration process have been shaping the economic relations between countries...

In this article, convergence of unit labor cost (ULC) inflation within the Euro area is tested by means of panel unit root tests. To account for the small cross-sectional dimension, cross-sectional dependence of model innovations and time varying volatility, wild bootstrap critical values are...