The paper summarizes the principal empirical findings of the European Unemployment Program. It draws on 10 country studies which utilize the macroeconomic framework set out by Sneessens and Drèze (1986). The main conclusions are as follows: (i) a major problem in Europe is that productivity...

[eng] Wages, demand and unemployment: an international comparison. . The paper presents the estimation of wages and employment equations for most OECD countries. The empirical structure, based upon the work of Layard and Nickell, examines simultaneously the demand of labor, the determination of...

The European Council's Maastricht Agreement maps out a precise route to monetary union and the eventual introduction of a common currency. My discussion begins with a look at the general arguments for and against monetary union. I shall then discuss the proposed constitution of the European...