Overcoming Eurozone wage inertia

Pessimistic views on Eurozone rebalancing are not uncommon (e.g. Darvas 2012). However, in a previous Vox column at the end of 2012, we had an overall optimistic take on the issue, noting the rapid reduction of large current account deficits and a turnaround in unit labour cost dynamics, supportive...

Overcoming Eurozone wage inertia