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protection legislation and unemployment benefits. Estimates based on local projections find negative short-run effects of …
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volatility of output, inflation and unemployment. These results stand in contrast to theories attributing to excessive regulation … for the rise and persistence of European unemployment. In addition, they suggest that labour market frictions are at most …
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include payroll tax cuts, unemployment benefits cuts, aggregate demand expansion and wage subsidies. It is shown that with …
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the New Member States. We argue that the theory and empirics of the link between EMU and labour market flexibility are not …
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