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Growth and business cycles have a long tradition of being studied separately. However, events such as the Great Recession raise concerns that severe downturns may have detrimental implications for growth. If so, what policies may help alleviate such long-lasting effects of large recessions? To...
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response of employment and wages in ES, a high sensitivity of IT to investment-related shocks, and a comparatively strong … GDP growth differentials, and together with structural differences also contributed to differences in employment …
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