Ard den Reijer, Peeters, Marga.
While EU leaders are drafting a fiscal compact, the problem of intra-European real exchange-rate misalignments remains. This column argues that reducing imbalances implies a focus on competitiveness, and hence on the alignment of nominal-wage growth with labour-productivity growth.
Πηγή: Voxeu
Michael W. McCracken & Lillian Fu KEY TAKEAWAYS Πηγή: Federal Reserve Bank of St. Louis πλήρες κείμενο
Domenico Giannone & Giorgio Primiceri Post-covid inflation was predominantly driven by unexpectedly strong demand forces—both in the United States and in the Euro Area. We
Richard Baldwin Service value chains are expanding faster than industrial ones, yet their geography is strikingly different: a US-centred star rather than regional blocs. This