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Browsing Recerca: working papers, informes, etc. by Subject "Keynesian unemployment"

Browsing Recerca: working papers, informes, etc. by Subject "Keynesian unemployment"

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  • Den Haan, Wouter J.; Rendah, Pontus; Riegler, Markus (2015-09)
    The interaction of incomplete markets and sticky nominal wages is shown to magnify business cycles even though these two features – in isolation – dampen them. During recessions, fears of unemployment stir up precautionary ...

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