Coverart for item
The Resource Progress towards external adjustment in the Euro Area periphery and the Baltics, Joong Shik Kang and Jay C. Shambaugh

Progress towards external adjustment in the Euro Area periphery and the Baltics, Joong Shik Kang and Jay C. Shambaugh

Label
Progress towards external adjustment in the Euro Area periphery and the Baltics
Title
Progress towards external adjustment in the Euro Area periphery and the Baltics
Statement of responsibility
Joong Shik Kang and Jay C. Shambaugh
Creator
Contributor
Author
Issuing body
Subject
Genre
Language
eng
Summary
"The euro area periphery countries and the Baltic countries, which had large current account deficits in the run-up to the crisis, needed adjustment of relative prices to achieve both internal and external balances. Thus far, tangible progress has been made through lower wages and/or higher productivity relative to trading partners ("internal devaluation"), which contributed to narrowing current account deficits and shifting output towards the tradables sector. While some early adjusters cut wages more rapidly followed by productivity improvement, others have only slowly improved productivity largely through labor shedding. This adjustment for most countries has come along with a substantial recession as the unit labor cost improvement has largely come from falling employment and much of the current account improvement from import compression. Going forward, these countries still need to generate growing tradables sector employment and to continue adjustment to prevent imbalances from returning as output gaps close"--Abstract
Member of
Cataloging source
DJB
http://bibfra.me/vocab/lite/collectionName
IMF eLibrary
http://library.link/vocab/creatorName
Kang, Joong Shik
Government publication
international or intergovernmental publication
Illustrations
illustrations
Index
no index present
LC call number
HG3881.5.I58
LC item number
W67 No. 14/131 ONLINE
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
http://library.link/vocab/relatedWorkOrContributorName
  • Shambaugh, Jay C.
  • International Monetary Fund
Series statement
IMF Working Paper,
Series volume
WP/14/131
http://library.link/vocab/subjectName
  • Balance of payments
  • Balance of payments
  • Competition
  • Competition
  • Labor costs
  • Labor costs
  • Balance of payments
  • Competition
  • Labor costs
  • Baltic States
  • European Union countries
Label
Progress towards external adjustment in the Euro Area periphery and the Baltics, Joong Shik Kang and Jay C. Shambaugh
Instantiates
Publication
Copyright
Note
  • "July 2014."
  • "Research Department"--Page 2 of pdf
Bibliography note
Includes bibliographical references (pages 27-28)
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
Cover -- Contents -- I. Introduction -- II. Overall Adjustment -- III. Timing and Extent of Wage Adjustment -- IV. Sectoral Adjustment -- V. External Performance -- VI. Where Are We Now? -- VII. Conclusion -- References -- Appendixes -- I. Sectoral Classification -- II. Cyclically-Adjusted Current Account Balances
Control code
884466410
Extent
1 online resource (31 pages)
Form of item
online
Isbn
9781498364713
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781498364713.001
Other physical details
color illustrations
Specific material designation
remote
System control number
  • imfWPIEA2014131
  • (IMF)WPIEA2014131
  • (OCoLC)884466410
Label
Progress towards external adjustment in the Euro Area periphery and the Baltics, Joong Shik Kang and Jay C. Shambaugh
Publication
Copyright
Note
  • "July 2014."
  • "Research Department"--Page 2 of pdf
Bibliography note
Includes bibliographical references (pages 27-28)
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
Cover -- Contents -- I. Introduction -- II. Overall Adjustment -- III. Timing and Extent of Wage Adjustment -- IV. Sectoral Adjustment -- V. External Performance -- VI. Where Are We Now? -- VII. Conclusion -- References -- Appendixes -- I. Sectoral Classification -- II. Cyclically-Adjusted Current Account Balances
Control code
884466410
Extent
1 online resource (31 pages)
Form of item
online
Isbn
9781498364713
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781498364713.001
Other physical details
color illustrations
Specific material designation
remote
System control number
  • imfWPIEA2014131
  • (IMF)WPIEA2014131
  • (OCoLC)884466410

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