Sabbatini, Roberto; Zollino, Francesco - In: PSL Quarterly Review 63 (2010) 254, pp. 235-263
prolonged wage moderation, especially in industry, fuelled a large and mounting current account surplus in Germany, that … Germany, must also play an active role in fostering the adjustment of the deficit countries. A possible synthesis is proposed …. The implication is that Germany may contribute to the correction of imbalances within the euro area not so much by …