While often a regional or national approach has been used to analyze the economic effects of migration, recent evolutions have shown that the role of firms is extremely important in better understanding this phenomenon. On many occasions, it is firms choosing the migrant workers and initiating...

The decision of the UK to leave the EU has given rise to a fundamental debate about the future of political and economic integration in Europe. In this debate the concept of a multi-speed Europe is finding increasing support. But a multi-speed Europe suggests that all countries are heading in...

Economic performance in the euro area has been very heterogeneous since 2010. Intra euro-area real exchange rates, however, have not adjusted very much during the last six years. This is arguably a major cause of the euro area's current woes. Yet, to date, there is no consensus as to why there...