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Why is Europe's employment rate almost 10 percent lower than that of the United States? This "jobs gap" has typically … been blamed on the rigidity of European labor markets. But in Services and Employment, an international group of leading … actually a services gap. But, Services and Employment asks, why does the United States consume services at such a greater rate …
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"In this paper we provide some evidence on when central banks have shifted from expansionary to contractionary monetary policy after a recession has ended-the exit strategy. We examine the relationship between the timing of changes in several instruments of monetary policy and the timing of...
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