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    Wage Levels and Employment — On Economic Policy Advice Using the Multi-Country Model NiGEM by Thomas Theobald, Rudolf Zwiener, Camille Logeay

    Published 2020-10-01
    “…But with statistically validated modifications, the results and the economic policy statements of the simulations by the German Council of Economic Experts and the Deutsche Bundesbank find that a higher wage path now stimulates domestic demand more strongly because the set employment losses do not materialise. …”
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