The euro area is experiencing a severe and highly complex crisis. It comprises three problem areas, the diffi culties … European banking system and disappointing growth prospects in the euro area periphery. To make matters even worse, these … fundamental doubts over its integrity. To overcome this systemic crisis, it would not be sufficient, if only the stronger euro …

random effects and fixed effects estimator were run in the wage estimation. We confirm the results that Entorf/Kramarz (1997 …

emphasis on technology which can be found in the recent literature, our estimation results indicate that numerical superiority …