A Joint Unemployment Insurance for the European Economic and Monetary Union?

Werner Eichhorst and Florian Wozny ()
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Florian Wozny: German Aerospace Center DLR

No 92, IZA Policy Papers from Institute of Labor Economics (IZA)

Abstract: More and more policy makers tend to declare that the loss of exchange rate adjustments within the European Economic and Monetary Union (EMU) has to be compensated by an increase in fiscal policy. A joint unemployment insurance is seen as one opportunity. After comparing a basic design with a "kicking-in" style unemployment insurance, we recommend the latter as it captures the main motivation of such a transnational transfer mechanism, combating credit market constraints.

Keywords: European Economic and Monetary Union; European unemployment insurance; automatic stabilizers (search for similar items in EconPapers)
JEL-codes: J65 J68 (search for similar items in EconPapers)
Pages: 26 pages
Date: 2014-10
New Economics Papers: this item is included in nep-eec and nep-ias
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Citations: View citations in EconPapers (3)

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