01882cas a2200265 a 4500 AALejournalIMF012279 230101c9999 xx r poo 0 0eng d 15.00 USD 9781557758002 0251-6365 BD-DhAAL BD-DhAAL Spilimbergo, Antonio. Perspectives on Regional Unemployment in Europe / Antonio Spilimbergo, Eswar Prasad, Paolo Mauro. Washington, D.C. : International Monetary Fund, 1999. 1 online resource (50 pages) Occasional Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The third stage of European Economic and Monetary Union (EMU) was implemented in January 1999 against the specter of persistently high unemployment in many of the participating countries. While the high European unemployment has received considerable attention, this new IMF staff study analyzes an equally important issue: the extent of regional unemployment disparities in certain countries. The paper focuses on large and persistent differences in regional unemployment rates within several European countries. The paper includes detailed case studies of two euro area countries where regional disparities in unemployment are striking- Italy and Spain. The studies emphasize that wages are unresponsive to local labor market conditions. Mode of access: Internet Mauro, Paolo. Prasad, Eswar. Occasional Papers; Occasional Paper ; No. 1999/004 Full text available on IMF http://elibrary.imf.org/view/books/084/05222-9781557758002-en/05222-9781557758002-en-book.xml IMF e-Library