Real Unit Labor Costs Differentials in EMU+L4700 : How Big, How Benign and How Reversible? /
Real unit labor costs (RULC) growth differentials between euro area members have persisted since EMU began and even widened out in the run-up to the crisis. This paper focuses on the causes underlying such dispersion. According to our empirical findings, persistent RULC growth differentials can be a...
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| Other Authors: | , |
| Format: | Book |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
2011
Washington, D.C. : 2011 |
| Series: | IMF Working Papers; Working Paper ;
No. 2011/109 IMF Working Papers; Working Paper ; no. 11/109 IMF eLibrary |
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