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The paper discusses the options for a reform of the German pension system using a model developed at CES for the German Council of economic advisors to the Federal Ministry of Economics and Research. It is argued that the German pay-as-you-go-system is efficient in a present value sense but will...
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Germany is the laggard of Europe, yet the country is world champion in merchandise exports. The paper tries to solve …
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Germany is the laggard of Europe, yet the country is world champion in merchandise exports. The paper tries to solve …
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