Decressin, Jorg, Loungani, Prakash, (2015), “The Effects of Wage Moderation: Can Internal Devaluations Work?“, IMF Direct, 17 Νοεμβρίου
Devaluation is often part of the remedy for a country in financial trouble. Devaluation boosts the competitiveness of a country’s exports and curtails imports by making them more costly. Together, the higher exports and the reduced imports generate some of the financial resources needed to help the country get out of trouble.
Σχετικές Αναρτήσεις
- Decressin, Jörg, Espinoza, Raphael, Halikias, Ioannis, Leigh, Daniel, Loungani, Prakash, Medas, Paulo, Mursula, Susanna, Schindler, Martin, Spilimbergo, Antonio, Xu,TengTeng, (2015), “Wage Moderation in Crises-Policy Considerations and Applications to the Euro Area”, IMF, Νοέμβριος.
- B. Bakker, Bas, (2015), ” Employment and the Great Recession : The Role of Real Wages”, IMF publications, 28 Οκτωβρίου