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Der Beitrag analysiert, warum die Arbeitslosigkeit in Deutschland so hoch ist. Er diskutiert die Rolle der Lohnpolitik …
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In this paper we analyze the sources of German unemployment within a structural vector error correction model (SVECM) framework. For this purpose, we propose a method to estimate an exactly identified Subset SVECM, which is a SVECM with short run parameter restrictions. A cointegration analysis...
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