Auer, Raphael; Degen, Kathrin; Fischer, Andreas M. - Swiss National Bank, Study Center Gerzensee - 2011
What is the impact of import competition from low-wage countries (LWCs) on inflationary pressure in Europe? This paper examines whether labor- intensive exports from emerging Europe, Asia, and other global regions have a uniform impact on producer prices in Germany, France, Italy, Sweden, and...