pattern of the United States. In this paper we compare the US with Germany, Italy, the United Kingdom, and also with Canada …, which is closer to European than the US is in its labor market and fiscal institutions. Europe's (and to some extent Canada …'s) model of regional response differs from that of the US. Changes in relative regional real exchange rates are general small …

coefficients show that immigration policies balancing the number of high-skilled and low-skilled immigrants from outside the EU …

the regional level. Additionally, we compare Euro Area mobility to that of another currency union, the US. We find that … the population to employment elasticity estimated for foreign-born persons is similar in the Euro Area and the US, while … EA natives are definitely less mobile across countries than US natives are across states in response to labor demand …

elasticity is twice as high for within-EU migration, reflecting the higher degree of labor mobility within the European Union. We …