This paper considers the short-term effects of competitiveness shocks on macroeconomic performance in the euro area. Vector autoregressive models are estimated on quarterly data from 1995 to 2013 for individual countries and the whole euro area. The results show that competitiveness shocks help...

This paper considers the short-term effects of competitiveness shocks on macroeconomic performance in the euro area. Vector autoregressive models are estimated on quarterly data from 1995 to 2013 for individual countries and the whole euro area. The results show that competitiveness shocks help...

This dataset includes quarterly unit labour costs, total labour costs, real output, total employment to employees, labour income share ratio, labour productivity and compensation broken down by sectors. Early estimates are available in http://dx.doi.org/10.1787/data-00607-en.