Beissinger, Thomas; Chusseau, Nathalie; Hellier, Joël - Fakultät Wirtschafts- und Sozialwissenschaften, … - 2015
have boosted German competitiveness, resulting in higher exports, higher production and lower unemployment. This … explains the gains in competitiveness but increases unemployment and inequality, and the subsequent labour market reforms lower … unemployment by lessening the reservation wage and expanding the non-tradable sector. The model replicates the developments of the …