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...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Lebrun, Igor
Weitere Verfasser: Perez Ruiz, Esther
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 2011.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 2011/109
Online Zugang:Full text available on IMF

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