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Germany’s silent rebalancing has been undone by COVID-19

Di Carlo, Donato and Höpner, Martin (2020) Germany’s silent rebalancing has been undone by COVID-19. LSE European Politics and Policy (EUROPP) blog (26 Nov 2020). Blog Entry.

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Low German wages are often cited as a key contributing factor to imbalances in the Eurozone. Donato Di Carlo and Martin Höpner demonstrate that while nominal unit labour cost growth in Germany consistently undershot that of other Eurozone countries in the first decade of the euro, the country has undergone a ‘silent rebalancing’ following the financial crisis. Unfortunately, this incomplete process is likely to be reversed by the shock from Covid-19.

Item Type: Online resource (Blog Entry)
Official URL:
Additional Information: © 2020 The Authors
Divisions: LSE
Subjects: J Political Science > JZ International relations
J Political Science > JN Political institutions (Europe)
Date Deposited: 07 Jan 2021 15:45
Last Modified: 20 Oct 2021 23:34

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