wages and employment faced by the unions. Consequently, the equilibrium employment is endogenous and depends on the monetary … regime. In particular, a switch from a floating exchange rate regime to a monetary union improves employment, provided that … the degree of central bank conservatism is sufficiently high, whereas with low degrees of conservatism employment falls …

There exists a twofold relationship between the factors affecting adoption of a single currency in Europe, employment … - hence low employment and slow growth may be a cause of poor performance of the single currency. On the other hand, the … functioning of the euro will affect future patterns of European employment. Pier Carlo Padoan and his distinguished group of …