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Fiscal Increasing Returns, Hysteresis, Real Wages and Unemployment

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NBER1986-10-01 更新2025-01-04 收录
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European unemployment is widely regarded as a problem of excessive real wages. This view as it is usually expressed carries the disturbing implication that there is a sharp conflict between the interests of those currently employed and the unemployed because it suggests that increases in employment

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1986-10-01
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