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coordination with monetary policy. According to the simulations, employment in Germany would increase by about 750,000 persons in … example: If the social partners in a large country such as Germany give a credible signal that wage increases will be moderate …
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I study the spill-over effects of legislated discretionary tax changes in the United States, Germany, and the United … Kingdom to 11 Eurozone countries for the period 1980Q1-2018Q4 employing Local Projections (Jordà, 2005). In general, I find … spillovers from US tax legislation to have the smallest effects on Eurozone countries' real GDP and UK tax changes to exert the …
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euro area-Germany in particular-can temporarily benefit from a restrictive U.S. monetary policy. The devaluation of the …
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