Perspectives on Regional Unemployment in Europe

Business & Finance, Economics, Public Finance, Finance & Investing, Banks & Banking, Macroeconomics
Cover of the book Perspectives on Regional Unemployment in Europe by Antonio Mr. Spilimbergo, Eswar Mr. Prasad, Paolo Mr. Mauro, INTERNATIONAL MONETARY FUND
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Author: Antonio Mr. Spilimbergo, Eswar Mr. Prasad, Paolo Mr. Mauro ISBN: 9781452771175
Publisher: INTERNATIONAL MONETARY FUND Publication: May 17, 1999
Imprint: INTERNATIONAL MONETARY FUND Language: English
Author: Antonio Mr. Spilimbergo, Eswar Mr. Prasad, Paolo Mr. Mauro
ISBN: 9781452771175
Publisher: INTERNATIONAL MONETARY FUND
Publication: May 17, 1999
Imprint: INTERNATIONAL MONETARY FUND
Language: English
The third stage of European Economic and Monetary Union (EMU) was implemented in January 1999 against the specter of persistently high unemployment in many of the participating countries. While the high European unemployment has received considerable attention, this new IMF staff study analyzes an equally important issue: the extent of regional unemployment disparities in certain countries. The paper focuses on large and persistent differences in regional unemployment rates within several European countries. The paper includes detailed case studies of two euro area countries where regional disparities in unemployment are striking- Italy and Spain. The studies emphasize that wages are unresponsive to local labor market conditions.
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The third stage of European Economic and Monetary Union (EMU) was implemented in January 1999 against the specter of persistently high unemployment in many of the participating countries. While the high European unemployment has received considerable attention, this new IMF staff study analyzes an equally important issue: the extent of regional unemployment disparities in certain countries. The paper focuses on large and persistent differences in regional unemployment rates within several European countries. The paper includes detailed case studies of two euro area countries where regional disparities in unemployment are striking- Italy and Spain. The studies emphasize that wages are unresponsive to local labor market conditions.

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