Rebalancing In The Euro Area And Cyclicality Of Current Account Adjustments
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| Originally published | 2014 |
| Authors | Thierry Tressel |
| Shengzu Wang | |
| Date of Reg. | |
| Date of Upd. | |
| ID | 2043292 |
About 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. . . .