a specified threshold. the authors argue that the trigger should be changes in unemployment rather than changes in output, and the design of semiautomatic stabilizers, whether they focus on mechanisms that rely primarily on income or on intertemporal substitution effects (changing the timing of consumption...
from to percent in most of the models analyzed. a soft brexit (e.g., norway arrangement, which seems in line with the nonbinding text of the political declaration of november , , on the future eu-uk relationship) has about half the negative impact of a hard brexit. only two of the models derive gains for...
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