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in the 1930s is sometimes seen as an example of a central bank that was relatively innovative in terms of the conduct of …
Persistent link: https://www.econbiz.de/10009489289
The cyclicality of real wages has important implications for the validity of competing business cycle theories. However, the empirical evidence on the aggregate level is inconclusive. Using a threshold vector autoregressive model for the US and Germany to condition the relationship between real...
Persistent link: https://www.econbiz.de/10011449261