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We sketch a visionary strategy for Europe in which full employment is quickly regained by 2020, income inequality is reduced and the economies are more sustainable. We call this scenario "vibrant". It is contrasted with what would happen if present policies continue within the European Union...
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technological unemployment emerges. Additionally, the assumption of adaptive expectations is introduced, in which case technological … unemployment throughout the early phase prevails. Furthermore, oscillating growth rates emerge, indicating the possibility of …
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