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This valuable book examines the interaction between economic ideas and the policy-making process in Europe, centred around the creation of European Monetary Union. The essays cover three broad areas: early debates on European monetary integration, economic thought at the European Community...
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the enlarged EU will offer additional opportunities for growth. At the same time, ensuring a more or less uniform … Union too early. The economic integration of the accession countries with the EU is already far advanced. After they join … EU owing mainly to a better, Union-wide allocation of resources. Therefore, the more abundant (and at present cheaper …
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. First, the paper develops stylised facts of mobility at the national and sub-national levels in the EU. Then, it explores … the macroeconomic determinants of bilateral migration flows. Econometric evidence suggests that labour mobility increases … significantly when a country joins the EU. While euro area membership seems not to be associated with an overall rise in the …
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This paper assesses the role of labour mobility in the adjustment to asymmetric economic shocks in the EU. After … presenting a series of stylised facts of mobility in the EU, it assesses mobility as a channel of economic adjustment by means of … in the EU, the response of wages is integrated to the analysis. It is found that real wages have also become more …
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