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The degree of labor market flexibility is especially important for countries considering entry into monetary union. The aim of this article is to assess the extent of wage rigidities in Slovakia. The ...
Aggregate Wage Flexibility in New EU Member States
ERM-II euro adoption labor market wage flexibility
2009/7/17
A fixed exchange rate regime eliminates one degree of freedom in absorbing macroeconomic shocks. Therefore, there is a call for higher labor market flexibility in countries which are members of the mo...