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We investigate how firms' market power affects the price level. In our small macro-model we show, that firms - in addition to hypothesised structural mark-up pricing power - may take advantage of favourable business cycle fluctuations. The paper provides empirical evidence for both these...
Persistent link: https://www.econbiz.de/10002117361
Volk und Stände der Schweiz beschlossen 2001, den absoluten Schuldenstand des Staates im Konjunkturverlauf zu begrenzen … eine gewisse Flexibilität, die die Erfahrungen der Schweiz für eine Reform des Stabilitätspaktes interessant erscheinen …
Persistent link: https://www.econbiz.de/10001883260
The former German chancellor Helmut Schmidt holds that despite the huge transfers from West to East Germany the East …. Building on the common features of the extension of the Federal Republic of Germany in 1990 and the enlargement of the EU, we …
Persistent link: https://www.econbiz.de/10002202979