 | Demand Patterns in France, Germany, and Belgium: Can We Explain the Differences? Author/Editor: Igor Lebrun, Esther Perez Ruiz. Release Date:September, 2014 The need to revive Euro area growth highlights the importance of the evolution of domestic and external demand in the core. This paper puts recent demand patterns in France, Germany, and Belgium into more...
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| Real Unit Labor Costs Differentials in EMU : How Big, How Benign and How Reversible? Author/Editor: Igor Lebrun, Esther Perez Ruiz. Release Date:May, 2011 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 more...
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