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Progress Towards External Adjustment in the Euro Area Periphery and the Baltics

Progress Towards External Adjustment in the Euro Area Periphery and the Baltics »

Source: Progress Towards External Adjustment in the Euro Area Periphery and the Baltics

Volume/Issue: 2014/131

Series: IMF Working Papers

Author(s): Joong Kang , and Jay Shambaugh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 July 2014

ISBN: 9781498364713

Keywords: Current account deficit, Internal devaluation, Competitiveness, current account, employment, unemployment, unemployment rates, Open Economy Macroeconomics,

The euro area periphery countries and the Baltic countries, which had large current account deficits in the run-up to the crisis, needed adjustment of relative prices to achieve both internal and external balances....

Progress Towards External Adjustment in the Euro Area Periphery and the Baltics

Progress Towards External Adjustment in the Euro Area Periphery and the Baltics »

Volume/Issue: 2014/131

Series: IMF Working Papers

Author(s): Joong Kang , and Jay Shambaugh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 July 2014

DOI: http://dx.doi.org/10.5089/9781498364713.001

ISBN: 9781498364713

Keywords: Current account deficit, Internal devaluation, Competitiveness, current account, employment, unemployment, unemployment rates, Open Economy Macroeconomics,

The euro area periphery countries and the Baltic countries, which had large current account deficits in the run-up to the crisis, needed adjustment of relative prices to achieve both internal and external balances....