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The current wave of globalization has profound labour market effects, accentuated, in many cases, by the current … globalization process makes labour’s position more precarious, a trend magnified by the current crisis. This is consistent with the …
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The authors use the Bank of Canada's version of the Global Economy Model, a multi-country, multi-sector dynamic stochastic general-equilibrium model with an active banking system (the BoC-GEM-FIN), to study the evolution of global current account balances following the recent global financial...
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