Zemanek, Holger; Belke, Ansgar; Schnabl, Gunther - 2010
this paper, we analyse the role of private restructuring and structural reforms for the urgently needed sustainable … readjustment of intra-euro area current account balances. A panel regression reveals a significant impact of structural reforms on … intra-euro area current account balances. This implies that in particular structural reforms and wage restraint in notorious …