Series: IMF Working Papers
Author(s): Thierry Tressel , and Shengzu Wang
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 22 July 2014
Keywords: Rebalancing, Imbalances, Euro Area, export performance, export growth, reer, debtor countries, General, Country and Industry Studies of Trade, Comparative Analysis of Economic Systems
The paper examines progress with the external rebalancing of euro area deficit countries. Relative prices are adjusting at different pace across countries and with different compositions of wage cuts and labor shed...