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A number of authors have attemted to test whether the U.S. economy is in a determinate or an indeterminate equilibrium. We argue that to answer this question, one must be impose a priori restrictions on lag length that cannot be tested. We provide examples of two economic models. Model 1...
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On 12 June and 9 September 2008 the EESC Labour Market Observatory organised two hearings on "Sustainable Productivity Growth and Quality of Working Life".
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