Wage Moderation in Crises : Policy Considerations and Applications to the Euro Area /
The paper studies the impacts of wage moderation in the euro area. Simulation results show that if a single euro area crisis-hit economy undertakes wage moderation, the impact on output is positive for that economy and for the entire euro area. If all crisis-hit economies undertake wage moderation t...
| Autor principal: | |
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| Altres autors: | , , |
| Format: | Revista |
| Idioma: | English |
| Publicat: |
Washington, D.C. :
International Monetary Fund,
2015.
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| Col·lecció: | Staff Discussion Notes; Staff Discussion Notes ;
No. 2015/022 |
| Accés en línia: | Full text available on IMF |