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...

وصف كامل

التفاصيل البيبلوغرافية
المؤلف الرئيسي: Tressel, Thierry
مؤلفون آخرون: Wang, Shengzu
التنسيق: دورية
اللغة:English
منشور في: Washington, D.C. : International Monetary Fund, 2014.
سلاسل:IMF Working Papers; Working Paper ; No. 2014/130
الوصول للمادة أونلاين:Full text available on IMF