Is there a viable European social and economic model?
By: Olivier Blanchard
Contributors: Massachusetts Institute of Technology. Dept. of Economics
Series: Working paper series / Massachusetts Institute of Technology, Dept. of Economics -- working paper 06-21; Working paper (Massachusetts Institute of Technology. Dept. of Economics) -- no. 06-21.
Publisher: Massachusetts Institute of Technology, Dept. of Economics
Published: 2006
Place of publication: Cambridge, MA
Language: eng
Number of pages: 13
Description: 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.
Notes: "July 11, 2006."

Includes bibliographical references (leaf 13).

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