European firm adjustment during times of economic crisis
Silvia Fabiani (),
Ana Lamo (),
Julian Messina and
No 1778, Working Paper Series from European Central Bank
This paper exploits a unique cross-country, firm-level survey to study the responses of European firms to the sharp demand and credit contraction triggered by the global Great Recession of 2009. The analysis reveals that cost reduction JEL Classification: J30, J32, J33, J51
Keywords: demand and credit shocks; employment; European Union; firm survey; labour costs; margins; wage cuts (search for similar items in EconPapers)
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Journal Article: European firm adjustment during times of economic crisis (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:ecb:ecbwps:20151778
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