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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Bibliographic details
Main Author: Mr. Shengzu Wang
Mr. Thierry Tressel
Format: eBook
Language: English
Place of publication: Washington INTERNATIONAL MONETARY FUND 22.07.2014
International Monetary Fund
Data of publication: 2014-07-22
ISBN: 1498334423
9781498334426
9781498396547
1498333923
9781498333924
1498396542
EISBN: 9781498333924
1498333923
Dewey Decimal Classification: 382.17
Discipline: Business
Subjects:
Online Access: Fulltext
Database: IMF Books & Analytical Papers
IMF E-Library
International Monetary Fund (IMF)
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