Product Market Regulation and the Benefits of Wage Moderation /

Euro-area real wages have decelerated sharply in the last 20 years, but this has not yet translated into visibly lower unemployment or faster growth. Weak output growth after such a cost shock is somewhat puzzling and has led some to question the benefits of wage moderation. By isolating structural...

Deskribapen osoa

Xehetasun bibliografikoak
Egile nagusia: Estevao, Marcello
Formatua: Aldizkaria
Hizkuntza:English
Argitaratua: Washington, D.C. : International Monetary Fund, 2005.
Saila:IMF Working Papers; Working Paper ; No. 2005/191
Sarrera elektronikoa:Full text available on IMF