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Real Unit Labor Costs Differentials in EMU+L4700
			: How Big, How Benign and How Reversible?

Real Unit Labor Costs Differentials in EMU+L4700 : How Big, How Benign and How Reversible? »

Volume/Issue: 2011/109

Series: IMF Working Papers

Author(s): Igor Lebrun , and Esther Perez Ruiz

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2011

DOI: http://dx.doi.org/10.5089/9781455261383.001

ISBN: 9781455261383

Keywords: Relative real unit labor costs, capital-output ratio, labor and product market institutions, EMU, labor costs, labor market, intermediate inputs, product market, Aggregate Factor Income Distribution, Prices

Real unit labor costs (RULC) growth differentials between euro area members have persisted since EMU began and even widened out in the run-up to the crisis. This paper focuses on the causes underlying such dispersi...

Real Unit Labor Costs Differentials in EMU+L4700

Real Unit Labor Costs Differentials in EMU+L4700 »

Source: Real Unit Labor Costs Differentials in EMU+L4700 : How Big, How Benign and How Reversible?

Volume/Issue: 2011/109

Series: IMF Working Papers

Author(s): Igor Lebrun , and Esther Perez Ruiz

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2011

ISBN: 9781455261383

Keywords: Relative real unit labor costs, capital-output ratio, labor and product market institutions, EMU, labor costs, labor market, intermediate inputs, product market, Aggregate Factor Income Distribution, Prices

Real unit labor costs (RULC) growth differentials between euro area members have persisted since EMU began and even widened out in the run-up to the crisis. This paper focuses on the causes underlying such dispersi...