Babecky, Jan; Dybczak, Kamil - Česká Národní Banka - 2012
This paper presents evidence on the extent of real wage flexibility in 24 EU member countries based on the Eurostat … main components, namely wages and salaries per hour, and non-wage costs. Following the structural VAR approach, real wage … that the impact of the 2008/2009 crisis on real wage adjustment has not been uniform across the sample countries, with some …