Title : Is Monetary Union Necessarily Counterproductive ?
Author(s) : Giuseppe DIANA, Blandine ZIMMER
Abstract : This paper analyses the case of a monetary union between identical countries characterised by oligopolistic competition in their labour market. It suggests that the switch to a common currency may improve their macroeconomic performances depending on labour market features.
Key-words : Monetary Union, Employment, Inflation.
JEL Classification : E24, F33, J51.
