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