advanced Europe, where wages are more closely related to inflation and inflation expectations in the short run, implying …

This paper assesses the responsiveness of wages and labor force movements to employment shocks across British and U ….S. regions and across Europe using a multivariate vector autoregression technique. The paper finds inflexible real wages in all …

This paper investigates the degree of bank competition in the euro area, the U.S. and U.K. before and after the recent … financial crisis, and revisits the issue whether the introduction of EMU and the euro have had any impact on bank competition …. The results suggest that the level of bank competition converged across euro area countries in the wake of the EMU. The …