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Germany’s labor market responded only mildly to the Great Recession. Important factors for this development include the strong economic position due to recent labor market reforms, the crisis affecting mainly export-oriented companies, the extension of short-time work, time buffers due to...
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We sketch a visionary strategy for Europe in which full employment is quickly regained by 2020, income inequality is reduced and the economies are more sustainable. We call this scenario "vibrant". It is contrasted with what would happen if present policies continue within the European Union...
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reduce the banking system risk. This effect of the institutions is less important in well-capitalized, highly profitable and …, better institutions reduce the positive effect of trade openness, but it induces a higher credit risk for the banking system …/value: This study provides some recommendations, for policymakers, on the roles of institutions in the banking system and …
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