C.W.M. Naastepad
- Member of Political Economy of Distribution
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Myths, Mix-ups and Mishandlings: What Caused the Eurozone Crisis?
The Eurozone crisis has been wrongly interpreted as either a crisis of fiscal profligacy or of deteriorating unit-labour cost competitiveness (caused by rigid labour markets), or a combination of both.
Crisis and Recovery in the German Economy: The Real Lessons
Owing to its strong dependence on exports, Germany was among the economies hit hardest by the financial crisis.
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Storm and Naastepad鈥檚 INET working paper was cited in LSE鈥檚 blog on wages in the Eurozone
鈥淪ome authors argue that the German export success has nothing to do with wage or unit labour cost moderation and is instead due to the country鈥檚 high non-price competitiveness.鈥� — Lucio Baccaro and Tobias Tober, LSE