Sánchez, Marcelo - European Central Bank - 2009
since the launch of the euro in 1999. In obtaining
our results, we do not resort to effects stemming from globalisation or … the national case has been
challenged by Posen and Gould (2006) in light of the evidence for the period since the euro … (including from the euro area) would exhibit a significant gap between
productivity growth measures and real wage growth.
8 …