This paper studies a particular aspect of the choice of exchange rate regime by EU candidate countries in the run-up to membership of European Economic and Monetary Union (EMU). The fact that these countries have adopted various exchange rate systems reflects a divergence of opinion on the...

Ensuring prosperity and fairness is a dual challenge with major policy implications. Using various micro datasets, Work Package 5 of the MICROPROD project (https:// www.microprod.eu/) made significant contributions to our understanding of the distributive implications of trade and technological...

This paper examines the macroeconomic consequences of rigidities in the European labour markets, and shows that attempts to impose a single monetary regime on economies with different structures can lead to a breakdown in coordination. Such breakdowns can occur when expenditure-switching effects...