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We study the nonlinearities present in a standard monetary labor search model modified to have two groups of workers facing exogenous differences in the job finding and separation rates. We use our setting to study the racial unemployment gap between Black and white workers in the US. A...
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This policy paper deals with the main strategic issues for monetary policy in new EU member states before their euro …
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joined the EU. We consider scenarios with and without CEECs being members of the European Economic and Monetary Union (EMU …
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