European firm adjustment during times of economic crisis

Silvia Fabiani (), Ana Lamo, Julian Messina and Tairi Room

No 1778, Working Paper Series from European Central Bank

Abstract: 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)
Date: 2015-04
New Economics Papers: this item is included in nep-eur
Note: 337346
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Citations: View citations in EconPapers (59)

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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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