Wage moderation in crises : policy considerations and applications to the Euro Area / Jörg Decressin [and others].
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...
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| Online Access: | Electronic book from EBSCO |
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| Other Authors: | |
| Format: | eBook |
| Language: | English |
| Published: | [Washington, D.C.] : International Monetary Fund, ©2015. |
| Series: | IMF staff discussion note ;
SDN/15/22. |
| Subjects: |