ECB paper highlights differences in EU real wage flexibility


A European Central Bank paper published on Tuesday shows that real wage flexibility is higher in Central and Eastern European countries than in those in the euro area.

Frigyes Ferdinand Heinz and Desislava Rusinova, the paper's authors, use a Phillips curve panel framework to estimate the degree of real wage flexibility in 19 European Union countries and how real wages vary depending the cyclical position of an economy, labour market institutions and the level of inflation.

The authors note that

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: