EMU and labour markets

The workshop discussed labour market adjustment in monetary unions, the record of EMU, and pros and cons of institutional devices at the central level that may encourage adjustment.

Agenda

11.30-12.30: Session 1 - Evidence on wage adjustment

Chair: Jean Pisani-Ferry, Bruegel

• Speakers: Ana Lamo, ECB, Pedro Portugal, Banco de Portugal
• Discussant: Ottavio Ricchi, Italian Treasury
• Q&A and Roundtable discussion

12.30-13.30: Session 2 – What facilitates labour market adjustment?

Chair: Benedicta Marzinotto, Bruegel

• Speakers: Alessandro Turrini, DGECFIN, Thomas Philippon, French Treasury
• Discussant: Guntram Wolff, Bruegel
• Q&A and Roundtable discussion

13.30 Buffet lunch

Event materials

• Event summary here
• Ama Lamo, Firm level evidence on wage dynamics in Europe - presentation here
• Thomas Philippon, Insurance and Incentives in a Monetary Union - presentation here
• Pedro Portugal, Nominal Wage Rigidity Under a Severe Economic Downturn - presentation here
• Ottavio Ricchi, Evidence on wage adjustment - presentation here

Practical details

• Venue: Bruegel, Rue de la Charité 33, 1210 Bruxelles
• Time: 11 December 2012, 11:30 - 13:30
• Contact: matilda.sevon[at]bruegel.org