Macroeconomic Policy in the Presence of Structural Maladjustment
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This paper analyzes two-way interactions between structural reform and macro policy. If structural reforms increase the flexibility of labor markets, they are likely to improve the short-run inflation-unemployment tradeoff, providing an incentive for policymakers to expand aggregate demand. Also,
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美国国家经济研究局创建时间：
1996-09-01
