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...

詳細記述

書誌詳細
第一著者: Decressin, Jorg
その他の著者: Espinoza, Raphael, Halikias, Ioannis, Kumhof, Michael
フォーマット: 雑誌
言語:English
出版事項: Washington, D.C. : International Monetary Fund, 2015.
シリーズ:Staff Discussion Notes; Staff Discussion Notes ; No. 2015/022
オンライン・アクセス:Full text available on IMF