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macroeconomic resilience dsge model pdf
... compare the relative importance of product, labour and capital market flexibility for resilience. our model simulations suggest that deviations around trend output have a much smaller impact on utility ... also considered. section 4 introduces the altig et al. ( 2005) model. section 5 contains the results of our model simulations. section 6 interprets these results and discusses the limitations of the ...
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analyzing fiscal policy netherlands simulations revised mimic pdf
... theoretical foundation of mimic makes it a model that can be interpreted rather easily. some economists also did suggestions for further 1 most policy simulations are described in gelauff and graafland (1994a ... long-term unemployed or the unskilled. 3. tax simulations with mimic 3.1 reducing income taxes and vat the first set of simulations with mimic involves a reduction in income taxes and ...
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