Product Market Regulation and the Benefits of Wage Moderation /
Euro-area real wages have decelerated sharply in the last 20 years, but this has not yet translated into visibly lower unemployment or faster growth. Weak output growth after such a cost shock is somewhat puzzling and has led some to question the benefits of wage moderation. By isolating structural...
| Hlavní autor: | |
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| Médium: | Časopis |
| Jazyk: | English |
| Vydáno: |
Washington, D.C. :
International Monetary Fund,
2005.
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| Edice: | IMF Working Papers; Working Paper ;
No. 2005/191 |
| On-line přístup: | Full text available on IMF |