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. Further simulations highlight the importance of increased savings preferences in Germany to explain the latter. …
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In this paper,we assess the impact ofmajor German structural reforms from1999 to 2008 on key macroeconomic variables within a two-country monetary union DSGE model. Bymany, these reforms, especially the Hartz reforms on the labormarket, are considered to be the root of thereafter observed...
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. Further simulations highlight the importance of increased savings preferences in Germany to explain the latter …
Persistent link: https://www.econbiz.de/10012988677