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Quantifying the Benefits of Labour Mobility in a Currency Union.

Unemployment differentials are greater between countries in the euro area than between U.S. states. In both regions, net migration responds to unemployment differentials, though the response is smaller in the euro area compared to the U.S. We use a multi-country DSGE model with cross-border migratio...

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Published in:Review of Economic Studies Vol. 93; no. 2; pp. 1038 - 1077
Main Authors: House, Christopher L, Proebsting, Christian, Tesar, Linda L
Format: Article
Published: Oxford University Press / USA Mar2026
Subjects:
Labor mobility
Business cycles
Monetary unions
Monetary policy
Macroeconomic models
Eurozone
Employment statistics
Online Access:View this record in EBSCOhost