The contribution of wage developments to labour market performance (EUROPEAN ECONOMY. Special Report. No. 1. 2005. Office for Official Publications of the EC. KC-AF-05-001-EN-C; ISBN 92-894-9039-X; ISSN 1684-033X.)
This report examines the short- and long-run wage-price setting mechanisms in the European Union (EU), their main determinants and the impact on employment and unemployment in order to achieve a better understanding of the cyclical pattern and the absorption of nominal and real shocks which can be potential sources of divergence across EU Member States.