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country’s labor market: full employment, voluntary unemployment, and minimal wage in combination with involuntary unemployment …, which impedes the firm’s productivity. The impact on the wages and / or employment of the native laborers depends on the …
Persistent link: https://www.econbiz.de/10012586111
Country-specific business cycle fluctuations are potentially very costly for member states of currency unions because they lack monetary autonomy. The actual costs depend on the extent to which consumption is shielded from these fluctuations and thus on the extent of risk sharing across member...
Persistent link: https://www.econbiz.de/10012509026
higher overall employment in the local markets, which increased by 40%, can be attributed to the deregulation. …
Persistent link: https://www.econbiz.de/10012548173