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Unemployment (Fears) and Deflationary Spirals Wouter J. Den Haan, Pontus Rendahl, and Markus Riegler†January 19, 2016 Abstract The interaction of incomplete markets and sticky nominal wages is shown to magnify busines
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Document Date: 2016-06-07 05:20:17
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Unemployment (Fears) and Deflationary Spirals Wouter J. Den Haan, Pontus Rendahl, and Markus Riegler†January 19, 2016 Abstract The interaction of incomplete markets and sticky nominal wages is shown to magnify busines