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We develop a growth model with unemployment due to imperfections in the labor market. In this model, wage inertia and …
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This dissertation contains applications of agent-based financial market models and nonlinear econometric methods in financial economics. The first part deals with the analysis of the effectiveness of currency transaction taxes within financial market models with traders with heterogeneous...
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cut wage-related social security contributions to reduce unemployment. The analysis is carried out in an overlapping … generations model with endogenous growth, unemployment and a social security system comprising pensions and unemployment benefits …
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