EUROPE

A European Unemployment (Re) Insurance as a European public good

Presentation to 4th New Paradigm Workshop, Sebastian Dullien, HTW Berlin.

PUBLISHED

1. NOVEMBER 2019

Shocks in a monetary union can be very large, necessitating powerful fiscal stabilizers, which in turn implies transfers between member-states. Dullien shows that European unemployment (re)insurance would be one way of doing this, but progress has stalled.

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ABOUT EUROPE

KNOWLEDGE BASE

The euro was planned during a period in which economic policy making was driven by a deep belief in market liberalism and the near impossibility of systemic financial crises. This belief has been brought into question since the euro crisis, which showed that panics do happen. New thinking needs to focus on developing mechanisms to protect eurozone countries from such panics and to foster economic convergence between members.

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