Nucci, Francesco; Pozzolo, Alberto Franco - In: The World Economy 37 (2014) 11, pp. 1589-1611
type="main" xml:id="twec12200-abs-0001" <title type="main">Abstract</title> <p>We estimate the effect of exchange rate movements on firm-level wages, using a representative panel of Italian manufacturing firms. We show that the direction and size of wage adjustment is shaped by the international exposure of each firm on both...</p>