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Switzerland where nominal GDP growth has been very low for many years in the 1990s. We find that the rigidity of nominal wages is …
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The paper provides probability estimates of the state of the GDP growth. A regime-switching model defines the probability of the Greek GDP being in boom or recession. Then probit models extract the predictive information of a set of explanatory (economic and financial) variables regarding the...
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extending the analysis to industry data from Switzerland, applying a method suggested by the International Monetary Fund … to earlier on. This does not seem to be the case in Switzerland, except in the construction industry. …
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