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Having the high unemployment in Germany in mind, this book discusses how macroeconomic theory has evolved over the past …
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be transferred to Germany. The topics of the concluding chapter are practical macroeconomic starting points for …
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It has been argued in recent economic literature that deregulation in both product and labour markets has beneficial impacts on employment and on real wages. The results offered to support this argument, however, are controversial. So far the debate has been concerned with comparative static...
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