The Resource Slovakia: A Catching Up Euro Area Member In and Out of the Crisis, Jarko Fidrmuc ... [and others], (electronic resource)

Slovakia: A Catching Up Euro Area Member In and Out of the Crisis, Jarko Fidrmuc ... [and others], (electronic resource)

Label
Slovakia: A Catching Up Euro Area Member In and Out of the Crisis
Title
Slovakia: A Catching Up Euro Area Member In and Out of the Crisis
Statement of responsibility
Jarko Fidrmuc ... [and others]
Contributor
Subject
Language
eng
Summary
The Slovak economy experienced a strong but short recession in 2009. The recovery afterwards was driven by exports and investment. While GDP growth was one of the strongest in OECD, employment did not reach the pre-crisis level and unemployment remains stubbornly high. This paper argues that Slovakia joined the euro area after a period of unprecedented real appreciation, which generated a threat for competitiveness of its export-oriented manufacturing industry. The response combined internal devaluation with productivity increasing measures, including capital deepening and laying off low productivity workers. While this strategy was successfully restoring an external equilibrium, its consequences for domestic demand and employment are less positive. This development is compared with Estonia and Slovenia, two other small and very open economies, recently entering the euro area
Member of
Cataloging source
FR-PaOEC
Government publication
international or intergovernmental publication
Index
no index present
Literary form
non fiction
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorName
  • Fidrmuc, Jarko
  • Klein, Caroline
  • Price, Robert
  • Wörgötter, Andreas
Series statement
OECD Economics Department Working Papers,
Series volume
no.1019
http://library.link/vocab/subjectName
  • Economics
  • Slovakia
Label
Slovakia: A Catching Up Euro Area Member In and Out of the Crisis, Jarko Fidrmuc ... [and others], (electronic resource)
Instantiates
Publication
Antecedent source
not applicable
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
839870427
Dimensions
21 x 30 cm
Extent
1 online resource 29 pages
File format
one file format
Form of item
online
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.1787/5k4c9ktpf47g-en
Specific material designation
remote
System control number
(OCoLC)839870427
Label
Slovakia: A Catching Up Euro Area Member In and Out of the Crisis, Jarko Fidrmuc ... [and others], (electronic resource)
Publication
Antecedent source
not applicable
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
839870427
Dimensions
21 x 30 cm
Extent
1 online resource 29 pages
File format
one file format
Form of item
online
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.1787/5k4c9ktpf47g-en
Specific material designation
remote
System control number
(OCoLC)839870427

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