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The report focuses on the relative macroeconomic performance since the global financial crisis of six Northern European countries with a special emphasis on Finland. While fiscal and monetary policies have definitely impacted on macroeconomic outcomes in the six countries examined, as a whole...
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European countries, namely Germany, France, Italy, Spain and the United Kingdom. At first the reader will find brief country …
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France has seen a marked deterioration in its export performance in the last 10 years or so. Previous empirical …-to-head competition with Germany; iii) low non-price competitiveness of French export goods; iv) offshoring of entire production processes … construction sector triggered by fast rising property prices hindered France to meet world export demand vis-à-vis its products …
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The answer to competition from emerging countries with low wage costs must be very different according to the affected sector. We need to draw a distinction between manufacturing industry and services that can be relocated and other sectors: consumer services, retail, construction, most business...
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Throughout the period 1871-1938, the average British worker was better off than the average German worker, but there were significant differences between major sectors. For the aggregate economy, the real wage gap was about the same as the labour productivity gap, but again there were important...
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