CEPS © 2020

The European Green Deal after Corona Implications for EU climate policy
Policy Contribution

Flexibility is out: now we see rigidity’s virtues

by Paul De Grauwe
23 February 2009

Flexibility is out: now we see rigidity’s virtues

Paul De Grauwe

Download Publication

1460 Downloads

In this thought-provoking commentary, CEPS Associate Fellow Paul De Grauwe explains why, contrary to conventional wisdom, rigidities in wages, employment and social security may enable countries to better deal with the debt deflation dynamics brough about by the crisis.


About the Author


  • Author
    Paul De Grauwe
    Paul De Grauwe
    Associate Senior Research Fellow
Flexibility is out: now we see rigidity’s virtues
Download Publication

1460 Downloads