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The seminal Barro (2006) closed-economy model of the equity risk premium in the presence of extreme events ("disasters") allowed for leverage in the form of risky corporate debt which defaulted only in states when the Government defaulted on its debt. The probability of default was therefore...
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, globalization, and the theory of the natural rate of unemployment. The only place where there is evidence of substantive … eines Wandels der grundlegenden Ansichten zu Arbeitsmärkten, Globalisierung und der Theorie der natürlichen Rate der …
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