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Successful Adjustment in a Multi-Sectoral Economy

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NBER1987-04-01 更新2025-01-04 收录
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https://www.nber.org/papers/w2202
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This study analyzes the adjustment to a fiscal reform in a dependent economy. It evaluates the economic factors that are relevant for making the choice between a cut in employment versus a cut in wages as a means of reducing the fiscal wage bill. We demonstrate that in the presence of costly short
创建时间:
1987-04-01
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