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-to-specific testing strategy reveals a recursive structure where only the unemployment rate and long-term interest rates are directly …
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world. Compared to existing models of this type, GEAR incorporates a comprehensive fiscal block, involuntary unemployment …
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We model a reinsurance mechanism for the national unemployment insurance programs of euro area member states. The risk …-sharing scheme we analyze is designed to smooth country-level unemployment risk and expenditures around each country's median level … of the euro area member states' unemployment expenditures risk in the aftermath of the 2009 sovereign debt crisis if …
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This paper investigates whether or not the adoption of the Euro has facilitated the introduction of structural reforms, defined as deregulation in the product markets and liberalization and deregulation in the labor markets. After reviewing the theoretical arguments that may link the adoption of...
Persistent link: https://www.econbiz.de/10012464168
, consumption, investment and (un)employment, the reforms were a clear success albeit the impact on the German current account was …
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