Asymmetric Labor Market Institutions in the EMU: positive and ...

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The above condition states that the marginal rate of substitution between ... In a model with a competitive labor market the real marginal cost is strictly related to.
CENTRAL BANK OF ICELAND WORKING PAPERS No. 37

Asymmetric Labor Market Institutions in the EMU: positive and normative implications by Mirko Abbritti Andreas Mueller

December 2007 CENTRAL BANK OF ICELAND Economics Department

Central Bank of Iceland Working Papers are published by the Economics Department of the Central Bank of Iceland. The views expressed in them are those of their authors and not necessarily the views of the Central Bank of Iceland. Also available on the Central Bank of Iceland World Wide Web site (http://www.sedlabanki.is) All rights reserved. May be reproduced or translated provided the source is stated. ISSN: 1028-9445

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