Currency Unions, Economic Fluctuations, and Adjustment : Some New Empirical Evidence /

This paper examines the sources of disturbances to output in the United States and a set of EU countries and analyzes labor market adjustment mechanisms in these two economic areas. Comparable datasets comprising 1-digit sectoral data for eight U.S. regions and eight European countries are construct...

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Bibliographic Details
Main Author: Prasad, Eswar
Other Authors: Bayoumi, Tamim
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 1996.
Series:IMF Working Papers; Working Paper ; No. 1996/081
Online Access:Full text available on IMF