This paper provides evidence on the role of non-base wage components as a channel for firms to adjust labour costs in the event of adverse shocks. It uses data from a firm-level survey for 25 European countries that covers the period 2010–2013. We find that firms subject to nominal wage...

This paper lays out the big issues that affect regional cooperation and development in the wider Central Asia region, and analyzes in greater detail areas where there appear to be good prospects for progress in the short run. The paper develops a framework for approaching regional cooperation in...