Trésor-Economics No. 14 - Labor market adjustment dynamics and labor mobility within the euro area
Moving to a single currency has reduced trading costs, enhanced price transparency and increased financial stability. However, the euro area is sometimes subject to asymmetric shocks. In order to respond to these shocks, EMU Member States can rely on appropriate national policies, or other real dynamics adjustment mechanisms, such as real competitiveness adjustments or the mobility of production f... Lire la suite