This paper takes a first step in analysing how a monetary union performs in the presence of labour market asymmetries. Differences in wage flexibility, market power and country sizes are allowed for in a setting with both country-specific and aggregate shocks. The implications of asymmetries for...

Enthält 14 Beiträge - Indhold: Henning Christophersen: En historisk chance for dansk erhvervsliv. Per Svendsen: EF's indre marked - et overblik ; Er vi forberedte?. Søren Krohn: Frihandel og handlefrihed. John Aagaard: Et europæisk hjemmemarked. Klaus Bustrup: EF's indre marked og...