Stahler, Kevin; Subramanian, Arvind - Peter G. Peterson Institute for International Economics … - 2014
Prima facie, competitiveness adjustments in the eurozone, based on unit labor cost developments, appear sensible and in … causal BSP relationship. We apply this framework to computing more appropriate measures of real competitiveness changes in … improvement, in competitiveness in the periphery countries between 2007 and 2013. Second, the pattern of adjustment within the …