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
Volume: 14
Main Author: Tressel, Thierry
Wang, Shengzu
Format: Electronic Resource
Language: English
Zielgruppe: Trade
Place of publication: Washington, DC IMF 2014
International Monetary Fund
published in: IMF working paper Vol. 14; no. 130; p. 1
Related: SWang@imf.org
TTressel@imf.org
Data of publication: 2014
ISBN: 1498334423
9781498334426
ISSN: 1018-5941
Discipline: Business
Series: IMF working paper
Subjects:
Online Access: available in Bonn?
Database: ECONIS
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