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We evaluate the effects of permanently reducing labour tax rates in the euro area (EA) by simulating a large-scale open economy dynamic general equilibrium model. The model features the EA as a monetary union, split in two regions (Home and the rest of the EA - REA), the US, and the rest of the...
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' relative position persists: those with the highest unemployment rates in 1996 were also in the worse position in 2012. To … reacts to regional employment shocks in a variety of cases. Shock responses are channelled via changes in unemployment …, unemployment and spatial mobility become the central ones in recession. We also provide evidence of real wage rigidities in both …
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Spain, the fourth largest eurozone economy, was hit particularly hard by the Great Recession, which made its chronic … labor market problems more evident. Youth and long-term unemployment escalated during the crisis and, despite the ongoing …
Persistent link: https://www.econbiz.de/10012182659
Spain, the fourth largest eurozone economy, was hit particularly hard by the Great Recession, which made its chronic … labor market problems more evident. Youth and long-term unemployment escalated during the crisis and, despite the ongoing …
Persistent link: https://www.econbiz.de/10011756504
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little employment protection and low unemployment benefits, while the European model (generous benefits and higher duration …
Persistent link: https://www.econbiz.de/10011412475
, unemployment rates, and wages in fixed-effects regressions which effectively use changes in these indicators over time within … the response to unemployment shocks in these economies. In India, the unemployment rate does not seem to be a reliable …
Persistent link: https://www.econbiz.de/10013262648