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Competitiveness adjustment in euro-area periphery
Bruegel blog 2 Years, 11 Months, 1 Week, 4 Days, 12 Hours, 51 Minutes ago
Authors: Zsolt DarvasA lot of the discussions surrounding competitiveness and rebalancing have focused on divergent unit labour costs. But in reality, competiveness is not simply a question of prices and it could be improved through non-price factors...