Monetary policy games and international migration of labor in interdependent economies.
"In this paper we incorporate the possibility of international migration into a monetary policy game played by governments in unionized interdependent economies. We show that contrary to usual presumptions, established by earlier studies that ignore the possibility of international migration, inter-government cooperation in the monetary field may well turn out to be advantageous. This has important implications for the European economies, since it suggests that measures taken towards encouraging international migration within EU [the European Union] will not only harmonize the European labor markets but will also make monetary policy cooperation within Europe, as required by the Maastrict Treaty, more advantageous."
Agiomirgianakis
G M
GM
D003710:Demography; D004467:Economics; D004641:Emigration and Immigration; D004651:Employment; D005062:European Union; D006280:Health Workforce; D007391:International Cooperation; D009938:Organizations; D011057:Politics; D011153:Population; D011157:Population Dynamics; D011640:Public Policy
Demographic Factors; Economic Factors; Economic Policy; European Community; Human Resources; International Cooperation; International Migration; Labor Force; Migration; Organizations; Policy; Political Factors; Population; Population Dynamics