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Why do dynamic inconsistencies in monetary policy exist? In this paper we present a traditional model with output inefficiencies, but we allow for monetary policy to be influenced by the various constituencies in the economy, that pressure the Congress to in turn pressure the central bank to...
Persistent link: https://www.econbiz.de/10009472582
The present paper studies whether labour market deregulation is correlated with employment creation in Italy and the decline of trade union power. Our hypothesis is that the correlation does not hold, and that flexible contracts facilitated the dichotomy between industry and tertiary, without...
Persistent link: https://www.econbiz.de/10010959487
Быстрые темпы роста молодежной безработицы в настоящее время побуждают нас обратиться к изучению опыта борьбы с ней в 20-е гг. XX в. В статье рассмотрены основные...
Persistent link: https://www.econbiz.de/10011235927
generally be characterized by unemployment and inter- industry wage differentials. Both trade and capital liberalization may …
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choose between clean and dirty factors of production, and when there is unemployment, such a result is very likely to occur … negotiate the wage rate, accepting some unemployment as a result of aggressive wage demands. It is shown that, in such a …
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the level of the profit tax. The question of whether there is unemployment or not turns out to be less important. …
Persistent link: https://www.econbiz.de/10005764464
The view that high unemployment in West Germany and other European countries is caused by a path dependence effect - or …
Persistent link: https://www.econbiz.de/10005766128
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