 | Wage Moderation in Crises : Policy Considerations and Applications to the Euro Area Author/Editor: Jörg Decressin, Raphael A. Espinoza, Ioannis Halikias, Michael Kumhof, Daniel Leigh, Prakash Loungani, Paulo A. Medas, Susanna Mursula, Antonio Spilimbergo, TengTeng Xu. Release Date:November, 2015 The paper studies the impacts of wage moderation in the euro area. Simulation results show that if a single euro area crisis-hit economy undertakes wage moderation, the impact on output is positive more...
| Price: $10.00
|  | Current Accounts in a Currency Union Author/Editor: Jörg Decressin, Emil Stavrev. Release Date:June, 2009 A fear about EMU was that in the absence of national currencies, country-specific shocks would result in greater current account divergences between member states. This paper finds that divergences more...
| Price: $18.00
|  | Integrating Europe's Financial Markets Author/Editor: Jörg Decressin, Wim Fonteyne, Hamid Faruqee. Release Date:September, 2007 By and large, EU financial integration has been a success story. Still, the reform agenda is far from finished. What are the remaining challenges? What are the gains of closer financial market more...
| Price: $24.50
|  | Deflation: Determinants, Risks, and Policy Options : Determinants, Risks, and Policy Options Release Date:June, 2003 Deflation can be costly and difficult to anticipate, and concerns of a generalized decline in prices in both industrial and emerging market economies have increased recently. This paper investigates more...
| Price: $15.00
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