Club Med and the Sun Belt: Lessons from adjustment within a monetary union

Dadush, Uri,  Wyne, Zaahira,  Ali, Shimelse.

The US and the Eurozone are slowly recovering after the bursting of their huge housing bubbles. Yet the hardest-hit states in the US have adjusted more rapidly than the most troubled European economies. This column examines differences between the US and Eurozone monetary unions that can help explain why.

Πηγή: Voxeu

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