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Labour Supply and Employment in the Euro Area Countries
Klaus Masuch
Nadine Leiner-Killinger
Jarkko Turunen
Melanie E. Ward-Warmedinger
Harald Stahl
Alfred Stiglbauer
Klara Stovicek
Almut Balleer
其他書名
Developments and Challenges
出版
SSRN
, 2020
URL
http://books.google.com.hk/books?id=GhfdzwEACAAJ&hl=&source=gbs_api
註釋
The functioning of labor and product markets affects the economic environment in which monetary policy is conducted. For example, structural policy measures which enhance labor supply and employment growth increase the pace at which an economy can grow without higher inflation. A greater flexibility of euro area labor markets and wages would reduce adjustment costs and inflation pressures in the case of adverse supply shocks and augment resilience of the economy, facilitating the conduct of the stability-oriented monetary policy of the ECB. In addition, an enhanced flexibility of wages and labor mobility is needed to limit employment losses in the case of adverse country specific shocks, thereby facilitating the functioning of EMU.
