Conceptual ambiguities and statistical weaknesses hamper the assessment of external competitiveness. The term … competitiveness, while applied extensively, is often imprecisely defined, which can result in analytical errors and mistaken policy … advice. Furthermore, aggregate statistical measures of competitiveness in terms of exchange rate misalignment can be biased …

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 …

evolution of Ireland’s competitiveness over the same period. Changes in expectations of the currency’s devaluation can be … to exceed investors’ realignment expectations at that time as well as the loss of Irish competitiveness since the …