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its sensitivity to macroeconomic variables tend to be larger in Italy, Japan and the United Kingdom, where central banks …
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The German unemployment rate shows strong signs if non-stationarity over the course of the previous decades. This is in line with an insider-outsider model under full hysteresis. We applied a "theory-guided view" to the data using the structural VAR model as developed by Balmaseda, Dolado and...
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