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growth and unemployment. It takes the view that the main problem lies with labor market institutions, ranging from … negotiation structures to hiring and firing costs, unemployment benefits, minimum wages and taxation. It adopts the view that … continue to operate with a high rate of equilibrium unemployment …
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The trade-off between output and unemployment has become an essential part of modern macroeconomics and is known as …
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domains with macro-structural relevance (employment protection legislation, unemployment benefits, wage setting). Reforms tend … improved activity rates and lower unemployment. …
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made in terms of several macroeconomic indicators, GDP, Unemployment, Inflation, Current Account Balances, and debt. …
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