| Titre | Degré de flexibilité des marchés du travail, ajustement à des chocs asymétriques et union monétaire européenne | |
|---|---|---|
| Auteur | Hélène Erkel-Rousse | |
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Revue | Economie et prévision |
| Numéro | no 128, 1997/2 L'intégration européenne : nouveaux enjeux | |
| Rubrique / Thématique | L'intégration européenne : nouveaux enjeux |
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| Page | 79-100 | |
| Résumé anglais |
Labour Market Flexibility, Adjustment to Asymmetric Shocks and European Monetary Union
by Hélène Erkel-Rousse
In 1961, Mundell posited that regions would have no major problems adjusting to monetary union provided that the shocks they sustained were not very asymmetric and their labour markets were sufficiently flexible. The European Union does not appear to perfectly satisfy these two conditions and the member countries could consequently have problems adjusting to monetary union. However, Mundell's claim should not be taken at face value. First of all, labour market flexibility is just one adjustment element among others. Secondly, the importance accorded to the extent of shock asymmetry is moderated by the fact that the manipulation of exchange rates is not as easy and beneficial as Mundell suggests. Source : Éditeur (via Persée) |
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| Article en ligne | http://www.persee.fr/web/revues/home/prescript/article/ecop_0249-4744_1997_num_128_2_5850 |
