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This paper presents theory and evidence on the asymmetric effects of monetary policy on job creation and job destruction. First, it solves a dynamic matching model and it shows how interest rate changes result in an asymmetric response of job creation and destruction. Second, it looks at how...
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Am Beispiel der zweiten Weltwirtschaftskrise des 20. Jahrhunderts lassen sich die Gegensätze neoklassischer …
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