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reßected by an increasing returns to scale matching function, which may imply an indeterminate equilibrium. Hence, the model is …
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decrease it can only do so gradually because of matching frictions which in turn implies that the tax burden remains high and …
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general equilibrium model that integrates a theory of equilibrium unemployment into a monetary model with nominal price …
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straightforward evaluation of the posterior distribution. The methods are used to analyze the effects of monetary policy in Sweden. …
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