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Persistent link: https://www.econbiz.de/10013503197
We analyse the determinants of unemployment persistence in four OECD countries byestimating a structural Bayesian VAR with an informative prior based on an insiders/outsiders model. We explicitly insert unemployment ben- efits and labour taxes so that our identification is not affected by the...
Persistent link: https://www.econbiz.de/10005137103