The IMF is worried about Europe

Ronald Janssen reports.

I found this interesting:

‘Reflecting a strong labour market, it would not be inappropriate for real wages to rise, and therefore help improve the labour share of national income’ (quote from the IMF regarding Germany)

It is essentially what the German Institut für Makroökonomie und Konjunktur (IMK) has said already some time ago, or see e.g this paper by Jörg Bibow.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s