Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/104983
Authors: 
Eichhorst, Werner
Wozny, Florian
Year of Publication: 
2014
Series/Report no.: 
IZA Policy Paper 92
Abstract: 
More and more policy makers tend to declare that the loss of exchange rate adjustments within the European Economic and Monetary Union (EMU) has to be compensated by an increase in fiscal policy. A joint unemployment insurance is seen as one opportunity. After comparing a basic design with a "kicking-in" style unemployment insurance, we recommend the latter as it captures the main motivation of such a transnational transfer mechanism, combating credit market constraints.
Subjects: 
European Economic and Monetary Union
European unemployment insurance
automatic stabilizers
JEL: 
J65
J68
Document Type: 
Working Paper

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