Titlebook: Optimal Currency Areas and the Euro, Volume II; Capital and Labor Mo Johannes Kabderian Dreyer,Peter Alfons Schmid Book 2023 The Author(s),

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Book 2023r with acompact analysis of the Euro area, its evolution and future perspectives. Eachvolume of the series is dedicated to one of the three critical criteria for an OCA:1) business cycle synchronization, 2) factor mobility and 3) the existence of a risksharing system. This second volume deals with t

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Literature and Theory,ng their importance to the well-functioning of currency unions, where countries are not able to execute their own monetary policies by themselves. The chapter also discusses the possibility of endogenous development of the EA toward more factor mobility over time.

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Labor Mobility, the Empirics,ver the sample period, suggesting an endogenous development of the region toward an OCA over time. Migration flows react to unemployment in the EA as well as work as an indirect redistribution tool from richer to poorer countries. EA membership even intensifies EU intra-migration.

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Conclusion,ferent conclusions of the literature can be strictly dependent on the sample period selected. Thus, we defend that our research work with this pivot to some extent reconciles the literature on labor mobility in the EA.

劇本

Book 2023he criterion of factor mobility.The authors investigate and discuss whether there are signs of labor and capitalmobility that have helped dampen economic shocks among the regions of theEuro during its short history. The book is of interest to a wide range of researchersin financial economics, macroeconomics and economic policy.?.

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Literature and Theory,ll as states the research questions of this pivot. Moreover, it gives the reader a summary of the literature on labor and capital mobility, highlighting their importance to the well-functioning of currency unions, where countries are not able to execute their own monetary policies by themselves. The

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