%0 Report
        %A Andini, Corrado
        %T Fixed Exchange-Rate Policy and Real Wage Growth: Quasi-Experimental Evidence
        %D 2014
        %8 2014 Dec
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 8701
        %U https://www.iza.org/index.php/publications/dp8701
        %X Using Difference-in-Differences estimation and data from the European Community Household Panel, this paper suggests that the fixed exchange-rate policy adopted by Italy in the 1997-2000 period has reduced the real hourly wage growth of Italian full-time workers with permanent contracts, on average, by 3%. Yet, the cost of the policy has been ultimately paid by the private sector where real wage growth has decreased by 5.4%.
        %K difference-in-differences
%K productivity
%K wages