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Real Convergence, Capital Flows, and Competitiveness in Central and Eastern Europe
Belke, Ansgar; Schnabl, Gunther; Zemanek, Holger - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2009
The paper scrutinizes the role of wages and capital flows for competitiveness in the new EU member states in the … trace cyclical deviations of real exchange rates from the productivity-driven equilibrium path. Panel estimations for the …
Persistent link: https://www.econbiz.de/10008461813
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Real Convergence, Capital Flows, and Competitiveness in Central and Eastern Europe
Belke, Ansgar; Schnabl, Gunther; Zemanek, Holger - Rheinisch-Westfälisches Institut für … - 2009
The paper scrutinizes the role of wages and capital flows for competitiveness in the new EU member states in the … trace cyclical deviations of real exchange rates from the productivity-driven equilibrium path. Panel estimations for the …
Persistent link: https://www.econbiz.de/10008509371
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Real Convergence, Capital Flows, and Competitiveness in Central and Eastern Europe
Belke, Ansgar; Schnabl, Gunther; Zemanek, Holger - CESifo - 2009
The paper scrutinizes the role of wages and capital flows for competitiveness in the new EU member states in the … trace cyclical deviations of real exchange rates from the productivity-driven equilibrium path. Panel estimations for the …
Persistent link: https://www.econbiz.de/10008533979
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Current Account Imbalances and Structural Adjustment in the Euro Area: How to Rebalance Competitiveness
Zemanek, Holger; Belke, Ansgar; Schnabl, Gunther - Institute for the Study of Labor (IZA) - 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/10008632737
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Current Account Balances and Structural Adjustment in the Euro Area
Belke, Ansgar; Zemanek, Holger; Schnabl, Gunther - Rheinisch-Westfälisches Institut für … - 2010
current account and budget defi cit countries such as Greece are highly suitable to support long-term economic stability in …
Persistent link: https://www.econbiz.de/10008518197
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Current Account Imbalances and Structural Adjustment in the Euro Area: How to Rebalance Competitiveness
Zemanek, Holger; Belke, Ansgar; Schnabl, Gunther - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 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/10005069067
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Current Account Imbalances and Structural Adjustment in the Euro Area: How to Rebalance Competitiveness
Zemanek, Holger; Belke, Ansgar; Schnabl, Gunther - CESifo - 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/10005051523
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Exchange Rate, External Orientation of Firms and Wage Adjustment
Pozzolo, Alberto Franco; Nucci, Francesco - Dipartimento di Scienze Statistiche, Facoltà di … - 2012
We estimate the effect of exchange rate movements on firm-level wages, using a representative panel of manufacturing …). Through the revenue side, wages tend to rise after a currency depreciation and the effect is more pronounced the higher is the … firm's exposure to sales from exports. Through the expenditure side, a depreciation induces a cut in the firm's wages, and …
Persistent link: https://www.econbiz.de/10010544303
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Exchange Rate, External Orientation of Firms and Wage Adjustment.
Nucci, Francesco; Pozzolo, Alberto Franco - Dipartimento di Economia e Finanza (DEF), Libera … - 2012
We estimate the effect of exchange rate movements on firm-level wages, using a representative panel of manufacturing …). Through the revenue side, wages tend to rise after a currency depreciation and the effect is more pronounced the higher is the … firmÕs exposure to sales from exports. Through the expenditure side, a depreciation induces a cut in the firmÕs wages, and …
Persistent link: https://www.econbiz.de/10010552348
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Exchange Rate, External Orientation of Firms and Wage Adjustment
Nucci, Francesco; Pozzolo, Alberto Franco - Money and Finance Research group (Mo.Fi.R.) - 2012
We estimate the effect of exchange rate movements on firm-level wages, using a representative panel of manufacturing …). Through the revenue side, wages tend to rise after a currency depreciation and the effect is more pronounced the higher is the … firm's exposure to sales from exports. Through the expenditure side, a depreciation induces a cut in the firm's wages, and …
Persistent link: https://www.econbiz.de/10010610093