estimates the unemployment rate that is compatible with a tolerable inflation rate of say 2 percent following roughly the … compatible with 2 percent inflation in Germany is currently around 7 percent if the definition of unemployment follows the …

and technology effects for high-skilled labor while wage bargaining institutions were holding up relative wages of low …-skilled labor. The combined effect accounts for the disproportionate increase of unemployment for low-skilled workers. …

naturalistic approach to this duality in the context of the theory of institutions, which means that its use is necessarily … cognitive processes that underlie rule-following as a behavioural disposition. Institutions are causal circuits that connect the … structures. I propose a new conceptualization of the replicator in the context of institutions: the replicator is a causal …