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Labor market frictions are not the only possible factor responsible for high unemployment. Credit market imperfections … European and US unemployment differ so much when labor markets have become more similar at the margin in Europe and the US. To …
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Europe's notoriously high level of unemployment is one of the big puzzles of empirical macroeconomics. In recent years …, the unemployment rate has fallen in The Netherlands, but the overall level in OECD Europe remains high. An investigation … into why Dutch economic policy has been relatively effective could be useful for the unemployment debate in Europe. This …
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