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The effect of money on output has been changing during the past two decades. This paper attempts to examine the money-income … money and income for both countries when the sample period includes the decades of the 1980s and 1990s. This result may … indicate temporary short-run changes in the relationship between money and income. However, over a long period of time money …
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The European Union consists of a wide variety of welfare states with social insurance schemes ranging from those providing earnings related benefits (Bismarckian)to flat rate benefits (Beveridgean)systems. The conventional wisdom is that with factor mobility poor people have incentives to move...
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