Discussing the recovery of the labor market in Europe, the European Central Bank (ECB) noted: Hourly wages

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Discussing the recovery of the labor market in Europe, the European Central Bank (ECB) noted: “Hourly wages adjusted earlier and more sharply in the United States than in the euro area. Different labor market policies and a greater degree of wage flexibility . Played a role.”What did the ECB mean by “different labor market policies?”
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Macroeconomics

ISBN: 9780132109994

1st Edition

Authors: Glenn Hubbard, Anthony Patrick O'Brien, Matthew P Rafferty

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