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surprising miracle occurred the leaver nations are alleged to have enjoyed a burst of real growth and a decline in unemployment …, all without any evidence of extra inflation. The results in this paper turn the conventional wisdom on its head. While the … over into extra inflation, leaving only 20 percent remaining for extra real GDP growth. Virtually 100 percent of the …
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surprising miracle occurred the leaver nations are alleged to have enjoyed a burst of real growth and a decline in unemployment …, all without any evidence of extra inflation. The results in this paper turn the conventional wisdom on its head. While the … over into extra inflation, leaving only 20 percent remaining for extra real GDP growth. Virtually 100 percent of the …
Persistent link: https://www.econbiz.de/10013219692
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Two different approaches intend to resolve the 'puzzling' slow convergence to purchasing power parity (PPP) reported in the literature [see Rogoff (1996), Journal of Economic Literature, Vol. 34.] On the one hand, there are models that consider a non-linear adjustment of real exchange rate to...
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. Empirical results concerning Europe and selected other industrial countries reveal that the cyclical link between unemployment …
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