Rebalancing in the Euro Area and Cyclicality of Current Account Adjustments /

Rebalancing in the Euro Area and Cyclicality of Current Account Adjustments /

The paper examines progress with the external rebalancing of euro area deficit countries. Relative prices are adjusting at different pace across countries and with different compositions of wage cuts and labor shedding. There is so far limited evidence of resource re-allocation from non-tradable to...

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Dettagli Bibliografici
Autore principale:	Tressel, Thierry
Altri autori:	Wang, Shengzu
Natura:	Periodico
Lingua:	English
Pubblicazione:	Washington, D.C. : International Monetary Fund, 2014.
Serie:	IMF Working Papers; Working Paper ; No. 2014/130
Accesso online:	Full text available on IMF

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