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We estimate a New Keynesian general-equilibrium open economy model to examine how changes in oil prices affect the macroeconomy. Our model allows oil price changes to be transmitted through temporary demand and supply channels (affecting the output gap), as well as through persistent supply side...
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In continental Europe, labour shares in national income have exhibited considerable variation since 1970. Empirical and theoretical research suggests that the evolution of labour markets and labour market imperfections can, in part, explain this phenomenon. The author analyzes the role of...
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) to bring about large-scale changes. CSA can often face determined competition from other alliances that oppose large …-scale change or propose alterative large-scale changes. Competition can be related to people's deeply held beliefs arising from … little consideration of competition between CSA involving people's deeply held beliefs. Accordingly, in this paper, a …
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Prime and Netflix and Advertised-financed VoD like YouTube. Competition policy decisions in such dynamic markets are always … particularly challenging. The German competition authority was presented such a challenge when, at the beginning of the 2010s …
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