Creating a Union with a "Human Face": A European Unemployment Insurance

A European Unemployment Insurance (EUI) for the Economic and Monetary Union (EMU) would be a feasible and effective tool to cushion the impact of asymmetric shocks. It would have had a deep stabilisation effect during the last recession, stimulating aggregate demand and reducing the pressure to cut fiscal stabilisers in a pro-cyclical way (the so called "race-to-the-bottom" effect). Fiscal, institutional, legal and statistical problems can be tackled, without reducing the generosity of the scheme. If implemented the EUI would finally give a "human face" to the EU integration process, with policies that have a far-reaching impact in the everyday lives of the EU's citizens.

Authors: 
Details: 
Roma, Istituto Affari Internazionali, May 2015, 17 p.
Attachments: 
Issue: 
15|13
ISBN/ISSN/DOI: 
978-88-98650-37-8
Publication date: 
15/05/2015

Introduction
1. What does the EUI consist of?
2. A basic EUI: Weaknesses and possible alternatives
3. Why is the EUI a desirable tool?
Conclusion
References

Research area

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