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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| Natura: | Periodico |
| Lingua: | English |
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Washington, D.C. :
International Monetary Fund,
2011.
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| Serie: | IMF Working Papers; Working Paper ;
No. 2011/109 |
| Accesso online: | Full text available on IMF |