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In continental Europe, labour shares in national income have exhibited considerable variation since 1970. Empirical and … shrinking labour shares, especially in Europe. Openness is a negative determinant of labour shares. -- Economic models ; Labour …
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Friedman and Schwartz (1982) and Goodhart (1982) report a zero correlation between money growth and output growth in U.K. historical data. This finding is puzzling, as there is wide agreement that changes in monetary policy are frequently nonneutral in the short run and that the U.K. experience,...
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