Belke, Ansgar; Dreger, Christian - Wirtschaftswissenschaftliche Fakultät, … - 2011
competitiveness, a reduction of unit labour costs is on the agenda. Since a deterioration of competitiveness is not a feasible …In the debate on global imbalances, the euro area countries did not receive much attention so far. While the current … of the common currency. In this paper, the imbalances are traced to catching up and competitiveness factors using …