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each recession. Second, counterfactual exercises suggest that the elimination of distortions represented in terms of the …
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, the paper contrasts the data on the current deep recession with those in 1974-75 and 1992-93, at the times of the oil … recession of the 1930s. …
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We estimate the Okun Law for Andalusia and Spain using quarterly data for the period 1984-2000. We take a VAR approach that allows us to unveil the different dynamic behaviour of the relationship between the output gap and the unemployment gap in the two regions, as well as the asymmetric nature...
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recession occurred between February 1998 and April 1999, following the Asian currency and financial crisis. …
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