Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

THE EMU AND LABOR MARKET POLITICS: AN UPDATE

THE EMU AND LABOR MARKET POLITICS: AN UPDATE This article reviews Johnston (2016) and supplements it with theoretically based empirical research. The European Economic and Monetary Union (EMU) set up circumstances that economically were good for its low-inflation northwest European countries. The euro crisis is an integrated issue that is reliant on how the pre-crisis economic performance of the EMU North, reinforced by its repressive wage-setting entities, influenced that in the EMU South. Upon joining the monetary union, EMU’s member economies left behind their domestic exchange rates as adjustment mechanisms for current and capital account discrepancies, and such deficits increased relentlessly over time. JEL codes: E42; E52; F33; F16 Keywords: EMU; labor market; euro crisis; inflation; economic performance http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Economics, Management, and Financial Markets Addleton Academic Publishers

THE EMU AND LABOR MARKET POLITICS: AN UPDATE

Loading next page...
 
/lp/addleton-academic-publishers/the-emu-and-labor-market-politics-an-update-wrOwzce7OP
Publisher
Addleton Academic Publishers
Copyright
© 2009 Addleton Academic Publishers
ISSN
1842-3191
eISSN
1938-212X
Publisher site
See Article on Publisher Site

Abstract

This article reviews Johnston (2016) and supplements it with theoretically based empirical research. The European Economic and Monetary Union (EMU) set up circumstances that economically were good for its low-inflation northwest European countries. The euro crisis is an integrated issue that is reliant on how the pre-crisis economic performance of the EMU North, reinforced by its repressive wage-setting entities, influenced that in the EMU South. Upon joining the monetary union, EMU’s member economies left behind their domestic exchange rates as adjustment mechanisms for current and capital account discrepancies, and such deficits increased relentlessly over time. JEL codes: E42; E52; F33; F16 Keywords: EMU; labor market; euro crisis; inflation; economic performance

Journal

Economics, Management, and Financial MarketsAddleton Academic Publishers

Published: Jan 1, 2017

There are no references for this article.