Gächter, Martin; Lorenz, Hanno; Ramskogler, Paul; … - In: Monetary Policy & the Economy (2013) 2, pp. 75-92
Unit labor cost (ULC) developments have been receiving increased attention from policymakers throughout the euro area, as adverse developments in price competitiveness are commonly seen as one of the causes of the ongoing sovereign debt crisis in the euro area. Yet empirical results are often...