Publications

Public Policy Brief Highlights No. 87A | November 2006

Maastricht 2042 and the Fate of Europe

Toward Convergence and Full Employment
Unemployment in the European Union (EU) is a serious problem that threatens to disrupt the integration of accession countries, the character of individual countries, and the continued existence of the EU. European integration poses a huge conundrum for European employment because the conventional theory explaining unemployment in Europe—labor market rigidities—is wrong. According to Senior Scholar James K. Galbraith, the application of this policy will not cure European unemployment, but it could destroy the economic promise of the EU for its poorer regions and the accession countries.

Publication Highlight

Public Policy Brief No. 142
Full Employment: Are We There Yet?
Author(s): Flavia Dantas, L. Randall Wray
February 2017

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