Gaulier, Guillaume, Taglioni, Daria & Vicard, Vincent.
Some view uncompetitiveness in the Eurozone’s periphery as the fundamental cause of the region’s crisis. This column presents evidence that rising unit labour costs in the periphery were not a cause but rather a symptom of the local demand shocks triggered by large capital inflows in the 2000s.
Πηγή: Voxeu
Tyler Goodspeed (2026) Recession: The Real Reasons Economies Shrink and What to Do About It. London: Basic Books. pp. 310. What causes a recession? Do recessions
Beatrice Weder di Mauro, Jeromin Zettelmeyer Global imbalances are back: since 2018, the sums of current account surpluses and deficits have each increased by about 30 percent, reaching their
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