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Beyond Balassa and Samuelson: Real convergence, capital flows, and competitiveness in Greece
Belke, Ansgar; Haskamp, Ulrich; Schnabl, Gunther; … - 2015
, placing a particular focus on their impact on national wage policies. Capital flows are assumed to be able to invert the … traditional direction of transmission of real wage increases from the tradable sector to the non-tradable sector and to cause real … evidence in favour of capital inflow-driven real wage increases in excess of productivity increases. …
Persistent link: https://www.econbiz.de/10011622962
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Beyond Balassa and Samuelson: Real convergence, capital flows, and competitiveness in Greece
Belke, Ansgar; Haskamp, Ulrich; Schnabl, Gunther; … - 2015
a particular focus on their impact on national wage policies. Capital flows are assumed to be able to invert the … traditional direction of transmission of real wage increases from the tradable sector to the non-tradable sector and to cause real … evidence in favour of capital inflow-driven real wage increases in excess of productivity increases. …
Persistent link: https://www.econbiz.de/10011372079
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Beyond Balassa and Samuelson: Real Convergence, Capital Flows, and Competitiveness in Greece
Belke, Ansgar; Haskamp, Ulrich; Schnabl, Gunther; … - 2015
international capital markets. Capital flows are assumed to be able to invert the traditional direction of transmission of real wage … estimations for the period from 1995 to 2013 show evidence in favour of capital inflow-driven real wage increases in excess of …
Persistent link: https://www.econbiz.de/10011388231
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Real Convergence, Capital Flows, and Competitiveness in Central and Eastern Europe
Belke, Ansgar; Schnabl, Gunther; Zemanek, Holger - 2009
The paper scrutinizes the role of wages and capital flows for competitiveness in the new EU member states in the context of real convergence. For this purpose it extends the seminal Balassa-Samuelson model by international capital markets. The augmented Balassa-Samuelson model is linked to the...
Persistent link: https://www.econbiz.de/10010265796
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Real convergence, capital flows, and competitiveness in Central and Eastern Europe
Belke, Ansgar; Schnabl, Gunther; Zemanek, Holger - 2009
The paper scrutinizes the role of wages and capital flows for competitiveness in the new EU member states in the context of real convergence. For this purpose it extends the seminal Balassa-Samuelson model by international capital markets. The augmented Balassa-Samuelson model is linked to the...
Persistent link: https://www.econbiz.de/10010265991
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Current Account Balances and Structural Adjustment in the Euro Area
Zemanek, Holger; Belke, Ansgar; Schnabl, Gunther - 2010
intra-euro area current account balances. This implies that in particular structural reforms and wage restraint in notorious …
Persistent link: https://www.econbiz.de/10010269989
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Real Convergence, Capital Flows and Competitiveness in Central and Eastern Europe
Zemanek, Holger; Belke, Ansgar; Schnabl, Gunther - 2010
The paper scrutinizes the role of wages and capital flows for competitiveness in the new EU member states in the context of real convergence. For this purpose it extends the seminal Balassa-Samuelson model by international capital markets. The augmented Balassa-Samuelson model is linked to the...
Persistent link: https://www.econbiz.de/10010270184
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Current account imbalances and structural adjustment in the euro area: how to rebalance competitiveness
Zemanek, Holger; Belke, Ansgar; Schnabl, Gunther - 2009
Low international competitiveness of a set of euro area countries, which have become evident by large current account deficits and rising risk premiums on government bonds, is one of the most challenging economic policy issues for Europe. We analyse the role of private restructuring and public...
Persistent link: https://www.econbiz.de/10010271100
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Current account imbalances and structural adjustment in the Euro area : how to rebalance competitiveness
Zemanek, Holger; Belke, Ansgar; Schnabl, Gunther - 2009
Low international competitiveness of a set of euro area countries, which have become evident by large current account deficits and rising risk premiums on government bonds, is one of the most challenging economic policy issues for Europe. We analyse the role of private restructuring and public...
Persistent link: https://www.econbiz.de/10010271783
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Current account imbalances and structural adjustment in the euro area: How to rebalance competitiveness?
Belke, Ansgar; Schnabl, Gunther; Zemanek, Holger - 2009
Low international competitiveness of a set of euro area countries, which have become evident by large current account deficits and rising risk premiums on government bonds, is one of the most challenging economic policy issues for Europe. We analyse the role of private restructuring and public...
Persistent link: https://www.econbiz.de/10010327336