Wage Levels and Employment — On Economic Policy Advice Using the Multi-Country Model NiGEM

Abstract The restrictions of the NiGEM initial model and their relevance over the last decade and a half have produced oft-cited economic policy advice that can hardly be justified empirically: Wage increases will result in significant employment losses. But with statistically validated modification...

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Bibliographic Details
Main Authors: Thomas Theobald, Rudolf Zwiener, Camille Logeay
Format: Article
Language:deu
Published: Sciendo 2020-10-01
Series:Wirtschaftsdienst
Online Access:https://doi.org/10.1007/s10273-020-2767-3
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