Is There a Viable European Social and Economic Model?
14 Pages Posted: 14 Jul 2006
Date Written: July 11, 2006
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 Classification: E24, F41, J5
Suggested Citation: Suggested Citation