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Is There a Viable European Social and Economic Model?
Olivier J. Blanchard Massachusetts Institute of Technology (MIT) - Department of Economics; National Bureau of Economic Research (NBER); International Monetary Fund (IMF) July 11, 2006 MIT Department of Economics Working Paper No. 06-21 Abstract: In this lecture, I argue that the efficiency cost of generous but well designed social insurance need not be very large, and that there is indeed a viable European model, based on three legs: competition in goods markets, insurance in labor markets, and the active use of macroeconomic policy.
Keywords: Europe, euro, insurance, competition JEL Classifications: E24, F41, J5 Working Paper SeriesDate posted: July 14, 2006 ; Last revised: September 21, 2006Suggested CitationContact Information
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