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We study the effects of macroeconomic shocks on several measures of economic inequality obtained from U.S. survey data … macroeconomic shocks on economic inequality depend on the type of shock as well as on the measure of inequality considered …. Contractionary monetary policy shocks increase expenditure and consumption inequality, whereas income and earnings inequality are …
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The peristence of European unemployment stands in striking contrast to the cyclical pattern of unemployment in the US. Many people attribute the rise in European unemployment to increased imbalances between the pattern of labour d¤ emand and supply - in other words, to greater mismatch, but...
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