Lamo, Ana; Pérez, Javier J.; Schuknecht, Ludger - In: Journal of Policy Modeling 35 (2013) 5, pp. 697-712
The ongoing fiscal and financial crisis with significant macroeconomic imbalances in the euro area raises the question in how far public–private wage interaction and even wage spirals contribute to fiscal and competitiveness problems. In this vain we analyse empirically whether the evolution...