decrease in unit labour costs between the mid-1990s and 2007. The authors claim that this increase in price competitiveness is … policy conclusions from the authors - real wage cuts were necessary to improve German competitiveness for turning around the …

We empirically assess the impact of competitiveness measured by unit labor costs for current account balances in the … importance of competitiveness: Higher unit labor costs growth leads to lower current account balances. By splitting up unit labor …

A sustainable long-run pattern in the relative competitiveness of euro area countries is a key factor for the …

competitiveness measures. We compile a broad dataset including value added trade, gross exports and conventional and value added based … real exchange rates. To sharply focus on external competitiveness, a new price competitiveness indicator is introduced, the … or cost competitiveness. …